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The following materials have been added to farmdoc in the past 60 days:

Estimated 2014 ARC-CO and PLC Payments (1/27/2015)
In this article, maps show expected county payments for corn, soybeans, and wheat. Corn is projected to make payments over $40 per acre in many counties, except for a band of counties from eastern Kansas through southern Indiana. Soybeans are expected to pay in some counties. Wheat will make payments, particularly in Kansas and Oklahoma. Read the FEFO...
 
Projected Soybean Plantings Are Surprisingly Low (2/23/2015)
On February 20, USDA released the Grain and Oilseeds Outlook as part of the 2015 Agricultural Outlook Forum. The report includes projections of the anticipated supply and consumption of corn and soybeans for the upcoming 2015-16 marketing year. Among the highlights of this report are projections of 2015 planting intentions for corn, soybeans, and wheat. Read the column...
 
U.S. Soybean Production Prospects for 2015 (2/16/2015)
Stocks of U.S. soybeans at the end of the current marketing year are expected to be at an eight year high. In addition, the current South American soybean harvest is estimated at a record 6.066 billion bushels, 378 million bushels larger than the 2014 harvest and 710 million bushels larger than the 2013 harvest. The USDA projects September 1, 2015 stocks of soybeans in South America at 2.205 billion bushels, 523 million bushels more than the inventory of the previous year. Read the column...
 
Balance Sheet Projections for the 2015-16 Corn Marketing Year (2/9/2015)
It is the season for developing corn balance sheet projections for the upcoming marketing year. The 2014-15 marketing year is approaching the halfway point, the spring crop insurance price is being determined, and planting and new crop marketing decisions are being made. The USDA will update their previous early release of projections for the 2015-16 marketing year as part of their USDA Agricultural Projections to 2024 report scheduled for release on February 11. Others, such as the Congressional Budget Office (CBO), have also released long term projections. Read the column...
 
Beef Expansion Is Underway (2/2/2015)
The nation’s cattle producers are expanding the herd at a somewhat faster rate than had been anticipated. In the semi-annual update of cattle numbers, USDA said that the total number of cattle and calves had increased by somewhat more than one percent. This is the first increase in the cattle inventory since 2007. The declining cattle numbers from 2007 to 2014 were due to poor brood cow margins as a result of high feed prices and due to lack of pasture and forages in the Southern Plains from extended drought. Read the column...
 
Expected Payments from ARC-CO and PLC (1/27/2015)
Differences in expected payments between Agricultural Risk Coverage - County Coverage (ARC-CO) and Price Loss Coverage (PLC) will be an important factor when making the program choice decisions offered under the 2014 Farm Bill. Read the FEFO...
 
Reviewing the Pace of Corn and Soybean Exports (1/26/2015)
Following the January 12 USDA Crop Production and Grain Stocks reports it’s becoming increasingly clear that the story in corn and soybean markets for the foreseeable future will be the ongoing pace of consumption. Series to monitor include ethanol production, soybean crush, feed and residual use, and exports. Last week’s article reviewed feed, seed, and residual uses of corn and soybeans. Today’s article will continue the review of corn and soybean consumption data by category by focusing on the pace of corn and soybean exports. Read the column...
 
Base Acre and Yield Updating Decisions: Push to the Finish (1/21/2015)
The deadline for completing base acre and yield updating decisions is February 27th. While the decisions usually are straightforward, collecting the information and completing the process will take some time. For this reason, beginning the process now seems prudent. Read the FEFO...
 
Issues Stemming from January USDA Reports (1/20/2015)
The USDA's final estimates of 2014 U.S. production and estimates of December 1, 2014 stocks released on January 12 revealed some potentially important issues for the corn and soybean markets. Three issues are addressed here: 1) the large difference between National Agricultural Statistics Service (NASS) estimates of planted acreage and planted acreage reported to the Farm Service Agency (FSA), 2) the surprisingly small feed and residual disappearance of corn during the first quarter of the 2014-15 marketing year, and 3) the surprisingly large seed and residual disappearance of soybeans during the first quarter of the 2014-15 marketing year. Read the column...
 
Yield Exclusion: Description and Guidance (1/13/2015)
The Yield Exclusion (YE) allows specific years to be dropped from the calculation of guarantee yields for crop insurance. This article describes YE, provides an example of Actual Production History (APH) yield calculation and premium quotation under YE, and provides guidance for YE’s use. Read the FEFO...
 
USDA Reports to Support Corn Prices (1/12/2015)
Today, the National Agricultural Statistics Service (NASS) of the USDA released the final estimates of the size of the 2014 U.S. corn and soybean crops and estimates of the stocks of corn and soybeans in storage as of December 1, 2014. In addition, the World Agricultural Outlook Board of the USDA released new forecasts of 2014-15 marketing year U.S. and world supply, consumption, and ending stocks of these two crops (as well as for many other commodities). These estimates and forecasts may dominate corn and soybean price behavior into the spring of the year. Following is a brief discussion of the estimates and forecasts and their price implications. Read the column...
 
More Pork Is on the Way (1/5/2015)
Pork producers are gearing up to provide their customers with what they want and that is “More Pork” and “More Bacon.” The nation’s hog producers have expanded the breeding herd by four percent and have already farrowed three percent more sows this past fall. The larger number of young pigs will begin to move pork production above year-previous levels in early 2015 and could reach seven percent higher by the end of 2015. Annual production may average five percent higher. This major increase comes after a series of years of smaller pork supplies dating back to 2007 when feed prices began to escalate and most recently due to large baby pig death losses in 2014 due to PED. Read the column...
 
Profit Margins for Dairy Producers Continue Negative Trend in 2013, Likely to Turn Positive in 2014 (12/19/2014)
Higher milk prices were not enough to offset higher costs resulting in total economic costs exceeding returns for Illinois dairy producers in 2013, according to figures summarized by University of Illinois agricultural economists in cooperation with the Illinois Farm Business Farm Management Association. Read the FEFO...
 

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