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corn

What is Your Breakeven Price for Corn and Soybeans?

Breakeven prices are helpful when making crop decisions and when marketing crops. Without breakeven price information, it is very difficult for a producer to gauge or evaluate market opportunities as crop prices change or make crop rotation decisions. Looking ahead to 2023, breakeven prices for corn and soybeans are 5-7% higher than those experienced in 2022.

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2023 Crop Cost and Return Guide

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the September 2022 crop budget estimations for 2023.

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September Corn & Soybean Outlook Update

Recorded September 16 | Purdue ag economists discussed USDA’s September Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.

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August Corn & Soybean Outlook Update

Recorded August 12 | Purdue ag economists discussed USDA’s August Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports and updates on balance sheet estimates for both the ’21/22 and ’22/23 crop years, ethanol demand, ending stock estimates, corn and soybean basis and profitability estimates.

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July Corn & Soybean Outlook Update

Recorded July 13 | Purdue ag economists discussed the corn and soybean outlook following USDA’s July World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies.

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June Corn & Soybean Outlook Update

Recorded June 13 | Purdue ag economists discussed the corn and soybean outlook following USDA’s June World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies.

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May Corn & Soybean Outlook Update

Recorded May 16 | Purdue ag economists discussed the corn and soybean outlook following USDA’s May World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies.

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April Corn & Soybean Outlook Update

Recorded April 12 | Purdue ag economists discussed the corn and soybean outlook following USDA’s April World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies.

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Corn & Soybean Prospective Plantings Report Update

Purdue agricultural economists Michael Langemeier, Nathan Thompson and James Mintert discussed the implications of the Prospective Plantings report from USDA-NASS which was released on March 31, 2022. Implications for 2022 crop corn and soybean production based on the report’s planted acreage estimates were discussed along with a “first pass” at what it might mean for carryover estimates into the 2023 crop year.

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Crop Budget Spreadsheet

This spreadsheet can be used along with the Purdue Crop Cost & Return Guide to examine gross revenue, costs, and earnings for crop enterprises.  The user can evaluate up to three full-season crops, and the wheat double-crop soybean system.

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