This webinar covered farm income estimates for 2017 based on current projections of prices, yields, and ARC-CO payments. Forecasts were made on 2018 cash rents and farmland prices based on a survey of Illinois Society of Professional Farm Managers and Rural Appraisers. An update of agricultural credit conditions was given.
The webinar reviewed the USDA’s U.S. corn and soybean yield and production forecasts released on August 10. The production forecasts was combined with projections of marketing year consumption in order to project the magnitude of year-ending stocks. The implications for marketing year average prices as well as the likely pattern of prices during the 2017-18 marketing year was discussed.
This webinar reviews the USDA stocks and acreage reports released earlier in the day and discusses the implications for both old crop and new crop balance sheets for corn and soybeans. The USDA’s estimate of June 1 stocks of corn and soybeans provides a clearer picture of total 2016-17 marketing year consumption and ending stocks. The report is especially important for projecting the magnitude of domestic corn consumption for feed use. The magnitude of planted acreage, along with our early…
Title: Implications of USDA Grain Stocks and Prospective Plantings Reports for Corn and Soybean Prices
The webinar will review the USDA’s March Grain Stocks and Prospective Plantings reports and discuss the implications for the supply and demand balance sheets and prices of corn and soybeans for the 2016-17 and 2017-18 marketing years. The presentation will last 30 minutes with an additional 30 minutes allowed for questions and discussion.