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

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.
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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.
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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.
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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...
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 nationís 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...

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