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

Looking for a Corn Consumption Response (8/25/2014)
In the newsletter of August 11, the prospects for corn consumption to respond to lower prices during the 2014-15 marketing year and the potential for a subsequent price recovery were discussed. With the start of the new marketing year only a week away, the process of monitoring corn consumption and corn consumption prospects in the three major categories of feed, ethanol, and exports is underway. Not much is yet known about consumption prospects, but we start what will be an ongoing process of updating those expectations. Read the column...
 
Corn and Soybean Acreage (8/18/2014)
The debate about the likely size of the USDA's final estimate of the 2014 U.S. average corn and soybean yields continues, with the market apparently anticipating that those estimates will exceed the August forecasts, particularly for corn. At the margin, the size of the crops will also be influenced by the magnitude of harvested acreage. Read the column...
 
Prospects for Corn Consumption (8/11/2014)
With expectations of a record large U.S. corn crop in 2014, market attention will soon shift to prospects for corn consumption. The market will follow a number of indicators of potential use as well as the revealed pace of consumption in the ethanol, export, and feed markets. Read the column...
 
Supplemental Coverage Option (SCO) in Wheat (8/5/2014)
The Risk Management Agency recently released information necessary to calculate Supplemental Coverage Option (SCO) premiums for wheat. In this article, the basics of SCO are illustrated with an example from Washington County, Illinois. Comments on risk considerations associated with SCO are given at the end of this article. SCO will have risk management benefits when the maximum coverage level for the COMBO product is 75%. In counties where 85% coverage levels are available, SCO products offer limited potential to reduce the probability of low gross revenues. Read the FEFO...
 
Where Will Beef Cows Expand? (8/4/2014)
It is getting to be a well repeated story. Beef cow numbers are at their lowest level since 1962. Cattle and feeder cattle prices are at record highs and feed prices have dropped. Beef consumers continue to eat beef and are rewarding the beef industry with very profitable returns. So when are beef producers going to expand the breeding herd and in what regions of the country will that occur? Read the column...
 
Storing the 2014 Corn Crop (7/28/2014)
The majority of annually produced crops such as corn obviously have to be stored. For corn producers, the question at harvest time will be who will store the portion of the crop which has not yet been sold? Read the column...
 
Corn Price Premiums Continue to Fade (7/21/2014)
Corn was the primary focus of the agricultural commodity complex beginning in the 2006-07 marketing year and continuing through the 2012-13 marketing year. Corn prices during that period were supported by a rapidly growing domestic ethanol industry that required more acres of corn and by relatively poor U.S. corn yields in 2010, 2011, and especially in 2012 that kept corn supplies very tight. Read the column...
 
How Burdensome Are Corn Supplies? (7/14/2014)
Corn prices have been declining for almost two years following the peak price generated by the very small U.S. crop in 2012. The recent sharp decline in prices has been associated with increasing prospects for a very large U.S. corn harvest again in 2014 following the record harvest of 2013. A second consecutive large crop would lead to a further build-up in stocks of corn by the end of the 2014-15 marketing year. Read the column...
 
Release of 2015 Crop Budgets (7/8/2014)
The 2015 Illinois Crop Budgets are available in the management section of farmdoc.  Budgets are given for corn, soybeans, wheat, and double-crop soybeans grown in northern, central, and southern Illinois. Central Illinois is further divided into categories for high and low productivity farmland.  Overall, 2015 returns are projected at the same levels as 2014 returns, which are considerably lower than returns from 2010 through 2013.  These lower returns signal the need to reduce 2015 cash rents. Read the FEFO...
 
Pork: USDA Reports Help Brighten Outlook (7/7/2014)
Pork producers might want to say thank you for the recent USDA reports that have sharply brightened their profit outlook. The first of those was the June 27th Hogs and Pigs report indicating that breeding herd expansion had not yet started and that baby pig death losses from the PED virus continued to be high last spring. The second beneficial numbers came in the June 30th Grain Stocks and Acreage reports which were contributors to rapidly falling corn and soybean meal prices. Read the column...
 
Large Corn and Soybean Stocks and Large Crop Potential (6/30/2014)
The USDA’s June Grain Stocks report showed much larger June 1 stocks of both corn and soybeans than had been anticipated by the market. The Acreage report revealed much larger acreage of soybeans than had been anticipated. Read the column...
 

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