October 13, 2021
October Corn & Soybean Outlook Update
Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert hosted a free webinar on October 13. The team discussed the corn and soybean outlook following release of USDA’s October Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports and provided implications for 2021 crop marketing strategies. Updates on yield and crop production estimates, corn and soybean export prospects, ethanol demand, ending stock estimates, and corn and soybean basis along with farm income projections were also discussed.
The webinar recording and slides used during the webinar presentation are available for download below. The audio recording from the webinar broadcast is also available below or can be accessed on your favorite podcast app.
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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.
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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.