Illinois: Farm Income Outlook for 2022 Dec 30, 2021

🕔Dec 30, 2021
Net income on Illinois grain farms will be at record levels in 2021, likely near $325,000 per farm. This $325,000 represents an average for grain farms enrolled in Illinois Farm […]

Illinois Corn, Soybeans: 2022 Break-Even Prices Dec 22, 2021

🕔Dec 22, 2021
Break-even prices to cover total costs for 2022 are projected at $4.73 per bushel for corn and $11.06 per bushel for soybeans. Compared to historical levels, these break-even prices are […]

Corn Use Projected Slightly Higher Than 2020/21 Record, Cash Prices Firm During Harvest Dec 21, 2021

🕔Dec 21, 2021
In its Feed Outlook report this month, the USDA’s Economic Research Service (ERS) stated that, “Total corn use for 2021/22 is projected at 14,830 million bushels. This number is slightly larger than the 2020/21 record amount of 14,818 million bushels. “Domestic corn use is projected […]

Corn, Soybeans: Sept. FAPRI Baseline Update Sep 16, 2021

🕔Sep 16, 2021
Earlier this month, the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri released its latest baseline update for U.S. agricultural markets. In part, the baseline update stated that, “Strong […]

Corn, Soybeans: WASDE 2021 Price Projections – A Historical Perspective Sep 16, 2021

🕔Sep 16, 2021
The Office of the Chief Economist of the U.S. Department of Agriculture recently revised 2021 market year average (MYA) price projections to $5.45 per bushel for corn and $12.90 per […]

Corn Market: Strong Prices Come at a Cost – DTN Sep 3, 2021

🕔Sep 3, 2021
Six-dollar corn is expensive to grow. The University of Illinois projects corn farmers’ non-land costs will climb by $70 per acre next year, leaving a much thinner profit outlook than […]

Brazilian Corn: Safrinha Crop Projections Shrink as Prices Hit Record High Jul 9, 2021

🕔Jul 9, 2021
Projections for the safrinha corn (second crop) in Brazil were reduced as the drought continued in the main producing regions, and more recently frosts seen in South-Central. The most recent […]

Corn, Soybeans: Prices Highest Since Ethanol Boom – Looking at Market Factors – DTN Jul 3, 2021

🕔Jul 3, 2021
After seven years of low to nonexistent profit margins, first-generation Kentucky farmer Ryan Bivens is looking forward to better revenue. However, he worries rising input costs will eat away at […]

Grain Farms: High Commodity Prices Lead to Increased Production Costs Jun 14, 2021

🕔Jun 14, 2021
Over time, per acre input costs on grain farms tend to rise with commodity price increases. In this article, we illustrate this relationship for corn in 1) central Illinois using […]

Corn Market: Weather Risk Premium in New-Crop Futures Prices Jun 11, 2021

🕔Jun 11, 2021
As spring planting nears completion in much of the corn belt, attention turns to the weather and its impact on crop yields and prices. Market analysts often speak of a […]

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