February 10, 2021

February Corn & Soybean Outlook Update

Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert discussed USDA’s February Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports on February 10. Tight U.S. crop supplies combined with concerns about the South American harvest and prospects for big acreage swings are all on ag producers’ minds. The Purdue team reviewed updated information from USDA and other sources and discussed strategies to consider for 2021.

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

TAGS:

TEAM LINKS:

RELATED RESOURCES

Corn and Soybean Basis Strengthen Across the Midwest Amidst Decreasing Prices

March 14, 2025

Between February 12th and March 12th, the markets for corn and soybeans significantly changed. As market prices have dropped, corn and soybean basis across the Midwest have strengthened. The basis strengthening is a welcomed change following over 2 months of weakening or unchanging basis. The falling market prices have decreased the value of uncontracted stored grain. Stored grain hedged through futures markets has increased in value over the last month as the basis has strengthened.

READ MORE

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

February 14, 2025

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.

READ MORE

2025 Crop Cost and Return Guide

February 10, 2025

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.

READ MORE

UPCOMING EVENTS

We are taking a short break, but please plan to join us at one of our future programs that is a little farther in the future.

Please subscribe to our YouTube channel, so you never miss any of our recordings in the future.