March 11, 2022
March Corn & Soybean Outlook Update
Purdue agricultural economists Michael Langemeier and James Mintert discussed the corn and soybean outlook following USDA’s March World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for 2021 and 2022 crop marketing strategies on the Purdue Commercial AgCast. Updates on ending stock estimates, South American production expectations, and corn and soybean basis along with a discussion of prospects for corn vs. soybean acreage in 2022 were all featured.
The recording is only available as a podcast this month (and not as a webinar or YouTube recording) because the team was in New Orleans during Commodity Classic.
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U.S. farm income in 2026 appears stable, but increased government payments are masking weaker livestock receipts and rising costs. Indiana faces a sharper decline, with net farm income projected to fall 28%, highlighting tighter margins and growing financial pressure heading into 2027.
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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.