December 20, 2019

2020 Ag Outlook

The recording of the December 19th 2020 Ag Outlook webinar featuring Purdue ag economists, Michael Langemeier and James Mintert is available for viewing. The recording provides an overview of key supply and demand drivers for corn and soybeans, examines basis patterns and possible storage returns, provides updated 2020 crop budget projections, and takes a first look at pricing opportunities for the 2020 corn and soybean crops.

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RELATED RESOURCES

February Indiana Crop Basis Update & Using the Crop Basis Tool to Plan Storage Hedges

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Since the beginning of December, corn and soybean basis across Indiana have generally been stable. Over the 10 weeks, most basis levels stayed within a $0.10/bu. range.

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2025 Crop Cost and Return Guide

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The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the February 2025 crop budget estimations for 2025.

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Indiana crop basis to nearby contracts are stable through the first half of January

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Through the first three weeks of January, corn and soybean basis have been stable or weakened slightly. This is a continuation of the stabilization and slight weakening that started in December and follows statewide strengthening throughout November. Before November, the 2024-2025 crop basis levels were well below the three-year average.

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UPCOMING EVENTS

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