September 11, 2020

Fall 2020 Crop Outlook Webinar

Purdue agricultural economists Michael Langemeier and James Mintert discussed USDA’s September Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports on September 11. The reports provided USDA’s first objective yield estimates for the 2020 corn and soybean crops. The webinar includes an overview of the information on the two reports along with a discussion regarding implications of the changes for the corn and soybean outlook in addition to a review of the likely changes in corn and soybean profitability and what that portends for 2021 cash rental rates.

The recording of the webinar and the slides used during the presentation are available below for download. A companion episode on the Purdue Commercial AgCast podcast is also available below or any platform where you access your podcasts.

Download the Slides

TAGS:

cash rent, corn, soybeans, USDA

TEAM LINKS:

James Mintert

Michael Langemeier

RELATED RESOURCES

Conventional & Organic Enterprise Net Returns, FINBIN data from 2019 to 2023

July 12, 2024

This article summarizes net returns for conventional and organic crop enterprises using FINBIN data from 2019 to 2023. Organic corn and soybean enterprises had lower crop yields, higher crop prices and gross revenue, and higher net returns. However, there was a much wider difference in enterprise net returns among organic corn and soybean enterprises than there was among conventional corn and soybean enterprises.

Corn & Soybean Basis Strengthen Through June & July

July 12, 2024

Depending on where you are located, Indiana corn and soybean basis have seen large swings in the last six weeks. For example, SE Indiana corn basis was -$0.13/bu. in the first week of June but was $0.03/bu. on July 10th. Unlike history suggests, the movement has generally been a strengthening in basis for both corn and soybeans.

Corn Was King: The Transition to Soy in U.S. Production Agriculture

July 11, 2024

Margaret Lippsmeyer presented during agri benchmark’s 2024 annual conference in mid June, which was hosted by the Spanish Ministry of Agriculture in Valladolid, Spain. An increase in soybean acreage may come from either (a) shifting away from continuous corn rotations to corn-soy and (b) shifting corn-soy rotations toward corn-soy-soy. Based on agri benchmark data, Margaret showed that option (a) would require an increase in soybean prices of 6% and option (b) of 8% to make these rotations preferable over existing ones.