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Crops
In recent weeks, many eastern Corn Belt locations have seen steady to slightly stronger corn and soybean basis levels. For example, corn basis in central Indiana for the first week of March was $0.24/bu. under May ’24 corn futures. This is $0.05/bu. stronger than the first week of February, but still about $0.18/bu. weaker than the historical 3-year average corn basis for the region.
Read MoreExamine the competitiveness of soybean production for important international soybean regions using 2018 to 2022 data from the agri benchmark network.
Read MorePurdue University Center for Commercial Agriculture’s ag economists Michael Langemeier and James Mintert and Brad Lubben, policy specialist and extension associate professor from the University of Nebraska-Lincoln, walk participants through key considerations for their 2024 insurance options.
Read MoreBrad Lubben, policy specialist and extension associate professor from the University of Nebraska-Lincoln, joins Purdue ag economists James Mintert and Michael Langemeier for a discussion on key 2024 farm program details. They highlight differences between the PLC and ARC programs for the 2024 crop year and how benefits from the two programs are likely to differ. After listening to the podcast you’ll be ready to make your 2024 farm program choice.
Read MoreHost Brady Brewer provides a recap of Dr. Chad Hart’s presentation on the 2024 agricultural crop market outlook at the Purdue Top Farmer Conference on the latest episode of the Purdue Commercial AgCast. Dr. Hart, a professor and crop marketing specialist at Iowa State University, explores the shift to “normalcy” for crop prices and farm incomes in 2024.
Read MoreExamined yield, gross revenue, and cost for farms in the agri benchmark network from Argentina, Brazil, Canada, the Ukraine, and the United States.
Read MoreAfter starting the year with weaker than normal basis levels, corn and soybean basis are improving. The improvement in corn basis occurred much later than normal due to slow harvest progress from wet corn in many locations
Read MoreCorn and soybean basis remains weaker than normal in many parts of the United States. For example, in Central Indiana corn basis the first week of December was $0.45/bu. under March ‘24 corn futures.
Read MoreThe Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the March 2024 crop budget estimations for 2024.
Read MoreAs the calendar turns to November, many farmers in the eastern Corn Belt still have corn left to harvest. According to USDA, 68% of corn in Indiana has been harvested as of November 5th. Wet corn in the primary culprit. As a result, many elevators are full and are at drying capacity.
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