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Tag "farmdocDaily"

Grain Markets: Soybeans and the June 30 USDA Reports

Grain Markets: Soybeans and the June 30 USDA Reports

πŸ‘€By Todd Hubbs, University of Illinois 🕔Jun 26, 2017

The USDA will release the quarterly Grain Stocks report, with estimates of crop inventories as of June 1, and the annual Acreage report on June 30. For soybeans, the stocks estimate is typically overshadowed by the estimate of planted acreage.

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Grain Markets: Anticipating the June 30 Grain Stocks Report

Grain Markets: Anticipating the June 30 Grain Stocks Report

πŸ‘€By Todd Hubbs, University of Illinois 🕔Jun 19, 2017

USDA’s release of the Quarterly Grain Stocks report on June 30 will provide an estimate of corn stocks in storage as of June 1, 2017. Since many of the consumption categories for corn can be derived from data provided during

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Farm Labor: Rules, Policies, Wages are All in Transition

Farm Labor: Rules, Policies, Wages are All in Transition

πŸ‘€By Jennifer Ifft and Travis Grout, Cornell University 🕔Jun 16, 2017

The state of U.S. agricultural production is changing. Over the next decade, increases to minimum wage and other changing labor regulations will have a dramatic impact on fruit, vegetable and other labor-intensive agricultural production in the U.S. These impacts will

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Corn Market: How Does Weather Affect Prices Over Time?

Corn Market: How Does Weather Affect Prices Over Time?

πŸ‘€By Scott Irwin, Darrel Good, and Todd Hubbs, University of Illinois 🕔Jun 15, 2017

In the farmdoc daily article of June 7, 2017, we examined the long-term pattern of corn prices during the era spanning from 1973 through November 2006 and the new era that began in December 2006. We concluded that: there is

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Illinois Corn and Soybeans: Shifting Acres Vary by Farm Size and Region

Illinois Corn and Soybeans: Shifting Acres Vary by Farm Size and Region

πŸ‘€By Gary Schnitkey, Nick Paulson, and Dale Lattz, University of Illinois 🕔Jun 14, 2017

Illinois farmers have been planting more soybeans since 2013. This increase in soybeans comes after an increase in corn acres beginning in 2006 and ending in 2012. Corn and soybean acre shifts have not been the same across all Illinois

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Crop Insurance Product Comparison – What’s Best for You?

Crop Insurance Product Comparison – What’s Best for You?

πŸ‘€By Michael Langemeier, Purdue University 🕔Jun 12, 2017

Periodically, discussion pertaining to the elimination of the harvest price option is mentioned in policy circles. The revenue protection product with the harvest price option is widely used in the Corn Belt. This article examines the relative attractiveness of the

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Grain Markets: Slight Changes to USDA WASDE Report in June

Grain Markets: Slight Changes to USDA WASDE Report in June

πŸ‘€By Todd Hubbs, University of Illinois 🕔Jun 12, 2017

The USDA’s June WASDE report of world supply and consumption projections contained a number of changes from the May report for corn and soybeans. The bulk of the changes related to world production estimates in the 2016-17 crop year. The

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Farm Bill Review: Historical Background on Marketing Assistance Loans

Farm Bill Review: Historical Background on Marketing Assistance Loans

πŸ‘€By Jonathan Coppess, Gary Schnitkey, Nick Paulson, University of Illinois; and Carl Zulauf, Ohio State University 🕔Jun 9, 2017

The march towards writing the 2018 Farm Bill continues. Recently, the Senate Ag Committee held a hearing on the farm economy which focused significant attention on the relatively low commodity prices since the 2014 Farm Bill. Congress has long authorized

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Grain Markets: Are There Predictable Crop Price Cycles?

Grain Markets: Are There Predictable Crop Price Cycles?

πŸ‘€By Darrel Good, Todd Hubbs, and Scott Irwin, University of Illinois, farmdocDaily 🕔Jun 8, 2017

The downturn in crop prices that began in mid- to late-2014 and continues today has led to declining farm income and downward pressure on farmland values and rents. The financial condition of many farms has worsened as a result. In

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Illinois: What Makes a Higher Revenue Farm? Comparing Costs and Returns

Illinois: What Makes a Higher Revenue Farm? Comparing Costs and Returns

πŸ‘€By Gary Schnitkey, Nick Paulson, and Dale Lattz, University of Illinois 🕔Jun 7, 2017

Differences in returns and costs are compared for farms of higher than average profitability to average profitability farms. This analysis was conducted in McLean County, Illinois for farms having high-productivity farmland. Farms with higher profitability tended to have lower costs,

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