Your Ag Newsroom



Can corn’s winning streak continue?

January 5, 2021

While the world suffered through pandemic and recession in 2020, the past 12 months weren’t bad at all for prices of many assets. That includes values of major crops. Though energy, livestock and the standing of the U.S. dollar suffered last year, other contracts posted double digit gains. Grains, stocks, metals and financials all ended […]

IFES 2020-Grain Farm Incomes in 2020 and 2021

January 1, 2021

This is a presentation summary from the 2020 virtual Illinois Farm Economics Summit (IFES). A video of the webinar and PowerPoint Slides (PDF) are available here. Expectations of net incomes on Illinois grain farms changed over 2020.  Above trend yields in 2020 combined with higher corn and soybean prices will lead to higher 2020 crop revenue […]

IFES 2020-2021 Market Outlook for Corn and Soybeans

December 30, 2020

This is a presentation summary from the 2020 virtual Illinois Farm Economics Summit (IFES). A video of the webinar and PowerPoint Slides (PDF) are available here. The corn and soybean markets have been on a tear since bottoming in mid-August.  Both markets have increased over 30% in just three months.  This is certainly a welcome change […]

The New COVID Relief Bill – What’s in it for USDA?

December 28, 2020

Just in time for Christmas, Congress delivered quite a package this morning by passing new COVID-19 relief legislation.  President Trump is expected to sign the bill soon.  Buried in the 5,593 pages of the legislation is an allocation of nearly $11.2 billion dollars to the USDA.   A large portion of the USDA funds will provide […]

Brazil in “Advanced” Talks with China to Boost Corn Sales as China’s Hog Herd Rebuilds

December 22, 2020

Last week, Bloomberg writers Isis Almeida, Samy Adghirni, and Tatiana Freitas reported that, “Brazil is close to an agreement that would allow the world’s second-largest corn exporter to boost sales of the grain to China, a move that could threaten the U.S.’s dominance, according to people familiar with the matter. “Talks between the governments of Brazil and […]

The Impact of Preseason La Niña Episodes on Corn and Soybean Yields in Brazil and Argentina

December 22, 2020

There is considerable interest in the likely magnitude of South American corn and soybean production in 2021, with much of the current focus on weather developments influencing yield prospects.  The December USDA WASDE forecasts for Brazil corn and soybean production are 4.330 and 4.887 billion bushels, respectively.  Argentina corn and soybean production projections currently sit at 1.968 […]

Revisiting South American Corn and Soybean Yield Trends and Risks

December 17, 2020

South America is a major contributor to global production and trade of corn and soybeans.   For example, the latest USDA WASDE report indicates Brazil is expected to produce 37 percent of global soybean production in the 2020/21 marketing year and Argentina is expected to produce 14 percent, or just over half of global production between […]

Farm, Biofuels, Trade Leaders Label Brazil Decision Devastating For U.S. Ethanol

December 17, 2020

The U.S. Grains Council, Growth Energy, the Renewable Fuels Association and the National Corn Growers Association issued the following statement in response to the Brazilian government’s decision to let the current tariff rate quota (TRQ) expire, replacing it with a 20 percent tariff on all imports of U.S. ethanol: “Brazil’s decision to impose a 20 percent […]

Prep Harvest Equipment for Winter Storage

December 15, 2020

With harvest mostly finished, producers should make sure their equipment is ready for winter months. Harvest 2020 was different for many Iowa farmers due to the derecho. An unusual harvest caused more wear on equipment due to downed corn and rough ground. This extra wear makes cleaning equipment this winter and identifying needed maintenance all […]

“Dynamic” Forecast for Feed Grain Trade, and China is the “Primary Driver.”

December 15, 2020

Last week, in its monthly Grain: World Markets and Trade report, the USDA’s Foreign Agricultural Service (FAS) explained that, “Trade data for 2019/20 (October-September) are largely complete. Many countries imported record volumes of corn, despite initial concerns over a potential slowdown in feed use due to COVID-19. For 2020/21, global trade for major feed grains is forecast to grow significantly from […]