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.

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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.

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2025 Crop Cost and Return Guide

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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.

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UPCOMING EVENTS

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.