Purdue Commercial AgCast

January Corn & Soybean Outlook Update

In this episode, Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert discuss the updated corn and soybean outlook following release of USDA's January Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. The team reviewed new information from USDA and implications for 2021 and 2022 crop marketing strategies. Updates on corn and soybean export prospects, ethanol demand, ending stock estimates, and corn and soybean basis along with crop production cost and income projections were also discussed. Slides from the discussion can be found at https://purdue.ag/webinar011422. 

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: December 2021 Survey

For only the second time since May, the Ag Economy Barometer rose in December. This month’s index climbed to a reading of 125, 9 points higher than in November. Both the Index of Current Conditions and the Index of Future Expectations rose in December with the rise in the barometer attributable mostly to an improved perspective on current conditions in the agricultural sector. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the December 2021 Purdue University-CME Group Ag Economy Barometer, a nationwide monthly survey of 400 ag producers. This month’s survey was conducted from December 8-14, 2021. 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.

December Outlook Update: Keeping the Bottom Line Black

Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert's December 15th seminar during The Indiana Farm Equipment and Technology Expo. The Purdue Center for Commercial Agriculture's team discussed the corn and soybean outlook following release of USDA's December World Agricultural Supply and Demand Estimates (WASDE) report and provided crop marketing and farm management strategies to help keep producers' bottom line black in 2022. Updates on corn and soybean export prospects, ethanol demand, ending stock estimates, and corn and soybean basis along with farm income projections were also discussed. Slides used during the seminar can be found at https://purdue.ag/webinar121521.

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: November 2021 Survey

The Ag Economy Barometer slipped to a reading of 116 in November, down 5 points from October and 30% lower than in November 2020 when the barometer stood at 167. Once again, weakness in the barometer was tied to weaker sentiment regarding current conditions as well as weaker expectations for the future. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the November 2021 Purdue University-CME Group Ag Economy Barometer, a nationwide monthly survey of 400 ag producers. This month’s survey was conducted from November 15 to 19, 2021. 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.

November Corn & Soybean Outlook Update

In this episode, we discuss the updated corn and soybean outlook following release of USDA's November Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert review new information from USDA and implications for 2021 crop marketing strategies. Updates on yield and crop production estimates, corn and soybean export prospects, ethanol demand, ending stock estimates, and corn and soybean basis along with farm income projections are also discussed. Slides from the discussion can be found at https://purdue.ag/webinar111021. 

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: October 2021 Survey

For the third month in a row, agricultural producer sentiment weakened in October as the Ag Economy Barometer declined to 121, 3 points lower than a month earlier. The modest decline in the overall sentiment index occurred as a result of producers’ weaker perceptions regarding both current and future conditions in the production agriculture sector. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the October 2021 Purdue University-CME Group Ag Economy Barometer, a nationwide monthly survey of 400 ag producers. This month’s survey was conducted from October 18 to 22, 2021. 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.

October Corn & Soybean Outlook Update

In this episode, we discuss the updated corn and soybean outlook following release of USDA's October Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert review new information from USDA and implications for 2021 crop marketing strategies. Updates on yield and crop production estimates, corn and soybean export prospects, ethanol demand, ending stock estimates, and corn and soybean basis along with farm income projections are also discussed. Slides from the discussion can be found at https://purdue.ag/webinar101321. 

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: September 2021 Survey

Sentiment among agricultural producers weakened in September as the Ag Economy Barometer declined 14 points to a reading of 124. This is the weakest farmer sentiment reading since July 2020 when the index stood at 118. Producers were less optimistic about both current and future conditions on their farms and the agricultural sector than they were a month earlier. Purdue ag economist James Mintert reviews the results and gives some insight into the September 2021 Purdue University-CME Group Ag Economy Barometer, a nationwide monthly survey of 400 ag producers. This month’s survey was conducted from September 27-29, 2021. 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.

September Corn & Soybean Outlook Update

In this episode, we discuss the updated corn and soybean outlook following release of USDA's September Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert review new information from USDA and implications for 2021 crop marketing strategies. Updates on crop conditions, corn and soybean export prospects, ethanol demand, ending stock estimates, and corn and soybean basis along with farm income projections are also 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.

Ag Barometer Insight: August 2021 Survey

Agricultural producers’ sentiment improved slightly in August compared to July as the Ag Economy Barometer rose four points to a reading of 138 vs. 134 a month earlier. The modest rise in the barometer was primarily attributable to an improvement in the Index of Current Conditions, which climbed 9 points to 152 while the Index of Future Expectations rose just 2 points to 132. Although the barometer and its two key sub-indices improved in August compared to July, all three indices remain well below the very positive sentiment readings posted this past spring. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the August 2021 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. This month’s survey was conducted from August 23-27, 2021. 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.