Farm Management Tour: July 17, 2024

Learn about innovative farm management strategies, new technologies for improving efficiency and productivity, ways to ensure a successful transition of farm operations to the next generation. Join us at the 91st annual Purdue Farm Management Tour and reception honoring the 2024 Indiana Master Farmers in Randolph County (Winchester), Indiana on Wednesday, July 17th.

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Marketing

Price Distribution Tool

The Illinois Price Distribution Tool, by Farmdoc, uses current option market prices to derive estimates of the probability distribution of prices at the expiration of an underlying corn and soybean futures contracts.

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.

December Corn & Soybean Outlook Update

Recorded December 19 | Purdue ag economists discuss a longer-term view of the changing cost structure facing corn and soybean prices, key factors likely to impact corn and soybean prices in 2023 and discussed how to use scenario’s when analyzing price risk and making marketing decisions.

U.S. Corn Exports Off to A Weak Start

While the volume of corn exported is much smaller than that used for domestic livestock feeding or for ethanol production, exports remain an important usage category for U.S. corn. Over the last five years U.S. corn exports have accounted for an average of 16% of total U.S. corn usage, ranging from a high of 19% in the 2020 crop year to a low of 13% in the 2019 crop year.

River Levels and Barge Rates Impacting Corn and Soybean Basis

Crop basis levels in many areas have been on a wild ride this fall. Several related factors have contributed to large swings in basis. Most notably, dry conditions in many areas have caused Mississippi River levels to drop.

November Corn & Soybean Outlook Update

Recorded November 11 | Purdue ag economists discussed USDA’s November Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports and the current corn and soybean outlook.

October Corn & Soybean Outlook Update

Recorded October 14 | Purdue ag economists discussed USDA’s October Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports and the current corn and soybean outlook.

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.

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.

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.

Center for Commercial Agriculture