Marketing

Critical Juncture For Crop Basis & Your Marketing Strategy For The Remainder Of ’22 Crop

On this episode of the Purdue Commercial AgCast, Nathanael Thompson and James Mintert explore what’s been taking place in the Eastern Corn Belt on corn basis, the May/July CBT corn spread, as well as the July/September CBT corn spread, and discuss how you might pursue some marketing strategies for the remainder of the ’22 crop that you might have in storage.

Click the image below to listen to the view the

 

Summary of Coffee & Grain Markets Webinar Available

The USDA’s World Agricultural Supply and Demand Estimates (WASDE) report for April reveals a consistent picture of the old crop. Southern Latin American countries, such as Argentina and Uruguay, continue to suffer from drought damage, whilst other South American countries, such as Brazil and Paraguay, have a strong harvest outlook, which will likely lead to an increase in overall crop supply from South America compared to last year.

Click here to view the complete summary.

 

Save the Dates – Central Ohio Agronomy School

Due to COVID uncertainties the 2022 Central Ohio Agronomy School has been pushed to March. 

Monday March 7 – 6:30 – 9:00p.m.

Monday March 14 – 6:30 – 9:00p.m.

Monday March 21 – 6:30 – 9:00p.m.

Monday March 28 – 6:30 – 9:00p.m.

The School will be at the new Ramser 4-H Activity Center (on the fairgrounds)

700 Perimeter Dr.  Mount Vernon, OH  43050

More details to come

USDA Agricultural Projections to 2030

Source: Chris Zoller, Extension Educator, ANR, Tuscarawas County

Click here for PDF version–easier to view Figures

The United States Department of Agriculture (USDA) recently released the interagency report: USDA Agricultural Projections to 2030.  These long-term projections include several assumptions related to the Farm Bill, macroeconomic conditions, farm policy, and trade agreements.  While long-term projections are based on assumptions and many unknowns, they do provide a glimpse of how U.S. farm commodity prices may perform over the next several years.  Anyone interested in reading specific details is encouraged to see the report available here: https://www.ers.usda.gov/webdocs/outlooks/100526/oce-2021-1.pdf?v=3513.2.

This article briefly summarizes selected selections of the 102-page report, including U.S. crop prices, milk production, U.S. farm income, and government payments.  Figures from the report are included to accompany the text.

U.S. Crop Prices

Rising global demand for diversified diets and protein will continue to stimulate import demand for grains. Increased demand for these crops is accompanied by rising competition for market share from countries such as Brazil, Argentina, the EU, and the Black Sea region. The United States also faces challenges related to ongoing tensions with trade partners and a relatively strong U.S. dollar. Although strong trade competition continues, U.S. commodities remain generally competitive in global agricultural markets, with U.S. corn and soybean exports projected at record highs by 2030/31. Nominal prices for wheat, cotton, and rice are expected to rise modestly between 2021/22 and 2030/31.

  Continue reading USDA Agricultural Projections to 2030 →

Farm Office Live on Monday April 27

OSU Extension is pleased to be offering the third session of “Farm Office Live” session on Monday evening, April 27, 2020 from 8:00 to 9:30 p.m.  Farmers, educators, and ag industry professionals are invited to log-on for the latest updates on the issues impact our farm economy.

The session will begin with the Farm Office Team answering questions asked over the past week.  Topics to be highlighted include:

  • Update on the CARES Paycheck Protection Program
  • Economic Injury Disaster Loan (EIDL)
  • Coronavirus Food Assistance Program (CFAP) Update
  • Ethanol and biofuel update
  • ARC and PLC Forecasts
  • Other legal and economic issues

Plenty of time has been allotted for questions and answers from attendees. Each office session is limited to 500 people and if you miss the on-line office hours, the session recording can be accessed at farmoffice.osu.edu the following day.  Participants can pre-register or join in on Monday evening at  https://go.osu.edu/farmofficelive