December 15, 2021
December Outlook Update at The Indiana Farm Equipment & Technology Expo
Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert hosted a live seminar on December 15 during The Indiana Farm Equipment and Technology Expo. The team discussed the corn and soybean outlook following release of USDA’s December World Agricultural Supply and Demand Estimates (WASDE) report, and provided crop marketing and farm management strategies to help keep producers’ bottom line black in 2022. Updates on corn and soybean export prospects, ethanol demand, ending stock estimates, and corn and soybean basis along with farm income projections were also discussed.
The seminar recording and slides used during the Expo presentation are available for download below. The audio recording from the 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.