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

Projected 2015 Corn Revenue with Comparisons to Revenues from 2010 to 2014 (4/21/2015)
In Illinois, 2015 gross revenues for corn are projected to be lower than 2014 gross revenues. In 2015 for corn, gross revenues are projected in the mid to high $800 per acre range for farms in Northern and Central Illinois with high-productivity farmland. Gross revenues in the low $800 per acre range are projected for farms with lower-productivity farmland in Central Illinois. Gross revenues in the low $700 range are projected for Southern Illinois farms. These 2015 levels are about $200 per acre below average gross revenue levels for 2010-13. As long as prices are below $4.50, gross revenues in the above ranges are to be expected. Read the FEFO...
 

Will Soybean Consumption Reach the USDA Projection? (4/20/2015)
With plentiful supplies of soybeans available, the magnitude of 2014-15 marketing year ending stocks of U.S soybeans has limited implications for old crop prices. Those stocks, however, will reveal the strength of demand for U.S. soybeans, will be part of next year’s supply, and could have some influence on prices during the 2015-16 marketing year. Read the column...

 
2014 Loss Experience for Revenue Protection on Corn, Soybeans, and Wheat (4/14/2015)
Most of the 2014 insurance payments on COMBO products have been entered into Risk Management Agency’s Summary of Business, allowing us to calculate loss performance for individual products accurately. Read the FEFO...
 

Could the Corn Carryout Really Reach Two Billion Bushels? (4/13/2015)
The last time the U.S. ended a marketing year with more than 2 billion bushels of corn was 2004-05. At that point in time the “old era” marketing year average corn price was $2.06 per bushel. While “new era” corn prices have experienced record highs, those high prices have been reduced on the back of record corn production in 2014. Now, followed by weaker than anticipated first-half implied feed and residual use of corn, some expect for the 2014-15 marketing year ending stocks of corn to be within reach of 2 billion bushels. Read the column...

 

More Hogs than Expected, Mystery Continues (4/6/2015)
More hogs than expected was the theme of the pork market in the first quarter of 2015. The USDA March Hogs and Pigs report did little to help explain why hog numbers were high, other than to simply admit that hog inventory counts from previous surveys were too low. Read the column...

 

USDA Stocks and Acreage Estimates Smaller than Expected for Soybeans and Larger than Expected for Corn (3/31/2015)
The USDA’s much anticipated March Grain Stocks and Prospective Plantings reports were released today.  Those estimates allow for some tweaking of the 2014-15 marketing year corn and soybean balance sheet projections and for developing projections for the 2015-16 marketing year balance sheets.  Read the column...

 
Expected Corn and Soybean Returns and Shifts in Acres (3/30/2015)
Expected corn minus soybean returns in 2015 were calculated for U.S. counties. These expected returns suggest that shifts to soybeans are more likely outside the Corn Belt. Moreover, expected 2015 returns suggest smaller acreage shifts than in other recent years. Read the FEFO...
 
March 1 Soybean Stocks Estimate to Be Overshadowed by Planting Intentions? (3/23/2015)
The USDA's estimate of December 1, 2014 stocks of U.S. soybeans was surprisingly small. Based on the estimated size of the 2014 crop and estimates of exports and domestic crush during the previous quarter, the stocks estimate implied a record large residual use of soybeans during the first quarter (September-November) of the 2014-15 marketing year.
Read the column...
 
Possible Per Acre Gross Revenues for Corn in 2015 in Central Illinois (3/17/2015)
Possible gross revenues for corn grown in 2015 are estimated for a Logan County, Illinois farm. The mid-point of 2015 gross revenue range is $828 per acre, $52 below the estimate of total costs for cash rent farmland of $880 per acre. Gross revenue is estimated to exceed $880 per acre 23% of the time. Read the FEFO...
 
Implications of March 1 Corn Stocks Estimate (3/16/2015)
The USDA's National Agricultural Statistics Service (NASS) will release an estimate of March 1 stocks of corn on March 31st. That estimate is based on a near-census of commercial storage facilities and a survey of a large sample of corn producers.
Read the column...
 
China is the Key to Sorghum Planting in 2015 (3/9/2015)
China's grand entrance into the U.S. sorghum market began in September of 2013, and roughly coincided with the import ban of a type genetically modified corn, MR162. Since that point, U.S. sorghum exports to China have been on a long and impressive 79-week run and have totaled more than 340 million bushels, averaging 4.4 million bushels per week. Current expectations are for this trend to continue despite China's recent end to the yearlong ban of MR162.
Read the column...
 
Pork's Boom and Bust Price Pattern (3/2/2015)
Markets can take your breath away and the hog market over the past year has left many breathless. A year-ago in March, the new PED virus was the talk in the livestock media. Read the column...
 
Estimated 2014 ARC-CO and PLC Payments (2/27/2015)
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...
 

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