November 11, 2022

November Corn & Soybean Outlook Update

Purdue ag economists Michael Langemeier, Nathan Thompson and James Mintert discuss the corn and soybean outlook following USDA’s November Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports along with current export and ethanol grind estimates. Updated corn and soybean basis information and a look at estimated corn and soybean breakeven prices for the 2023 crop are discussed in the outlook update.

The webinar recording and slides used during the webinar presentation are available for download below. The video recording from the webinar broadcast is also available via YouTube, please consider subscribing to the Center’s channel. And the audio recording from the webinar broadcast is forthcoming and will be accessible below or as episode 108 of the Purdue Commercial AgCast on your favorite podcast app.

Download the Slides

TAGS:

corn, outlook, soybeans, USDA

TEAM LINKS:

James Mintert

Michael Langemeier

Nathanael Thompson

RELATED RESOURCES

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

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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.

Indiana crop basis to nearby contracts are stable through the first half of January

January 17, 2025

Through the first three weeks of January, corn and soybean basis have been stable or weakened slightly. This is a continuation of the stabilization and slight weakening that started in December and follows statewide strengthening throughout November. Before November, the 2024-2025 crop basis levels were well below the three-year average.