January 13, 2023

January Corn & Soybean Outlook Update

Nathan Thompson and Michael Langemeier joined James Mintert on this podcast to discuss new information from USDA’s January 2023 World Ag Supply & Demand Estimates (WASDE) report, which was released on January 12th. During the podcast they also provided an update on Eastern Corn Belt corn and soybean basis bids, marketing opportunities for both old and new crop corn and soybeans along with current breakeven estimates for corn and soybean production in 2023.

The accompanying slides are available for download below.

Download the Slides

20230113_PurdueCropOutlook

TAGS:

corn, outlook, soybeans, USDA

TEAM LINKS:

James Mintert

Michael Langemeier

Nathanael Thompson

RELATED RESOURCES

Crop Net Return Prospects, Presentation at Pinney Purdue Field Day

August 20, 2025

Michael Langemeier presented at the Pinney Purdue Field Day in Wanatah, Indiana on August 20, 2025, on crop net returns and the farmland market.

Corn & Soybean Basis Weakens as Focus Shifts to New Crop

August 15, 2025

On Tuesday, the August WASDE report was released, which significantly increased the projected 25/26 corn supply and decreased the soybean supply. There were immediate effects in the futures market. September and December corn futures dropped by $0.13/bu, and September and November soybean futures increased by $0.21/bu. As we approach harvest, it is yet to be seen how this will affect the new crop basis.

Flex Lease Computations Spreadsheet Tool

August 13, 2025

Need help setting a fair flexible lease agreement? This easy-to-use spreadsheet lets you plug in your own numbers—like crop budget line items, yields, and prices—to calculate lease rates and earnings per acre. Whether you’re negotiating a new agreement or comparing alternative, this tool helps take the guesswork out.

Purdue Flexible Lease Workshop

September 16 at 7 pm or September 23 at 9 am

The Flexible Lease virtual Workshop, presented by the Purdue Extension Land Lease Team, will include a presentation and discussion to help you decide if a flexible land lease arrangement is right for your farm.