Purdue Commercial AgCast

May Corn & Soybean Outlook Update

Purdue agricultural economists Michael Langemeier, Nathan Thompson, and James Mintert hosted a live webinar on May 16th. The team 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. Updates on balance sheet estimates for both the 20/21 and 22/23 crop years, corn and soybean export prospects, ethanol demand, ending stock estimates, corn and soybean basis, and inflation's likely impact on interest rates along with farm's income projections were discussed.

 

Podcast provided by Purdue University's Center for Commercial Agriculture. For more information on the current ag outlook and farm economy, visit us at http://purdue.edu/commercialag.

Agricultural Job Market & the Purdue Ag Jobs Dashboard

Wondering what the current agriculture job market is? In this episode Purdue University Center for Commercial Agriculture's ag economists Brady Brewer and Nathan Delay discuss the agricultural job market and the Purdue University Department of Agriculture Economics Ag Jobs Dashboard from the research conducted by grad student Doug Abney. The dashboard is an overview of monthly data collected of the agricultural job market over time, starting the summer of 2021. 

Podcast provided by Purdue University's Center for Commercial Agriculture. For more information on the Ag Job Dashboard and farm management, visit us at http://purdue.edu/commercialag.

 

 

Ag Barometer Insight: April 2022 Survey

The Purdue University-CME Group Ag Economy Barometer improved in April to a reading of 121, which was 8 points higher than a month earlier. Despite this month’s increase, the ag sentiment index remains 32% lower than its April 2021 reading. This month’s survey was conducted from April 18-22, 2022. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the April 2022 Purdue University-CME Group Ag Economy Barometer, a nationwide monthly survey of 400 ag producers. The full report is available at https://purdue.ag/agbarometer.

 

Podcast provided by Purdue University's Center for Commercial Agriculture. For more economic information and insights on the Ag Economy Barometer, visit us at http://purdue.edu/commercialag.

Inflation, Interest Rates & the Cost of Farm Inputs

What really is inflation? How is it measured? What is the potential impact on consumers and the ag sector? Purdue agricultural economists Brady Brewer, Michael Langemeier, and James Mintert discuss these questions and the potential impacts of rising inflation & Fed policy on interest rates. Near the end of the conversation, they discuss the long-run relationship between inflation and farm input prices. 

Podcast provided by Purdue University's Center for Commercial Agriculture. Slides and a transcript from the discussion can be found at https://purdue.ag/agcast85. This podcast was recorded on April 19, 2022. For more information on the current ag outlook and farm economy, visit us at http://purdue.edu/commercialag.  

April Corn & Soybean Outlook Update

Purdue agricultural economists Michael Langemeier and James Mintert 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. Updates on South American corn and soybean production expectations, corn and soybean export prospects, ethanol demand, ending stock estimates, and corn and soybean basis along with farm income projections were all featured in the webinar. Slides from the discussion can be found at https://purdue.ag/webinar041222. 

Podcast provided by Purdue University's Center for Commercial Agriculture. For more information on the current ag outlook and farm economy, visit us at http://purdue.edu/commercialag.

Ag Barometer Insight: March 2022 Survey

The Purdue University-CME Group Ag Economy Barometer dipped to a reading of 113 in March, the weakest farmer sentiment reading since May 2020 which was in the early days of the pandemic. The March reading was 12 points lower than a month earlier and 36% lower than in March 2021. This month’s survey was conducted from  March 14-18, 2022. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the March 2022 Purdue University-CME Group Ag Economy Barometer, a nationwide monthly survey of 400 ag producers. The full report is available at https://purdue.ag/agbarometer.

 

Podcast provided by Purdue University's Center for Commercial Agriculture. For more economic information and insights on the Ag Economy Barometer, visit us at http://purdue.edu/commercialag.

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. Updated profitability estimates for 2022 corn and soybean production were reviewed based on new crop corn and soybean prices following the report’s release. The podcast also included a review of recent corn and soybean basis levels.

Podcast provided by Purdue University's Center for Commercial Agriculture. For more information on the current ag outlook and farm economy, visit us at http://purdue.edu/commercialag.

March Corn & Soybean Outlook Update

Purdue agricultural economists Michael Langemeier and James Mintert discussed the corn and soybean outlook following USDA's March World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for 2021 and 2022 crop marketing strategies. Updates on ending stock estimates, South American production expectations, and corn and soybean basis along with a discussion of prospects for corn vs. soybean acreage in 2022 were all featured. 

Podcast provided by Purdue University's Center for Commercial Agriculture. For more information on the current ag outlook and farm economy, visit us at http://purdue.edu/commercialag.

Crop Insurance Choices for 2022

Managing risk is always important, but especially so this year. This episode is a great opportunity for producers to review their crop insurance choices for the upcoming season. Purdue University Center for Commercial Agriculture's ag economists Michael Langemeier and James Mintert walk participants through considerations for their 2022 options. Download a companion slide deck at https://purdue.ag/cropinsuranceagcast.

Podcast provided by Purdue University's Center for Commercial Agriculture. For more information on crop insurance decisions and the farm economy, visit us at http://purdue.edu/commercialag.

Ag Barometer Insight: February 2022 Survey

The Purdue University-CME Group Ag Economy Barometer rose 6 points in February to 125, matching the sentiment index’s reading from December. This month’s survey was conducted from February 14-18 2022, which was just prior to Russia’s invasion of Ukraine. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the February 2022 Purdue University-CME Group Ag Economy Barometer, a nationwide monthly survey of 400 ag producers. The full report is available at https://purdue.ag/agbarometer.

 

Podcast provided by Purdue University's Center for Commercial Agriculture. For more economic information and insights on the Ag Economy Barometer, visit us at http://purdue.edu/commercialag.