November 10, 2021

November Corn & Soybean Outlook Update

Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert hosted a free webinar on November 10. The team discussed the corn and soybean outlook following release of USDA’s November 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.

Download the Slides

TAGS:

corn, outlook, soybeans, USDA

TEAM LINKS:

James Mintert

Michael Langemeier

Nathanael Thompson

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.

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.

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.