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

Expected Payments from ARC-CO and PLC (1/27/2015)
Differences in expected payments between Agricultural Risk Coverage - County Coverage (ARC-CO) and Price Loss Coverage (PLC) will be an important factor when making the program choice decisions offered under the 2014 Farm Bill. Read the FEFO...
 
Reviewing the Pace of Corn and Soybean Exports (1/26/2015)
Following the January 12 USDA Crop Production and Grain Stocks reports it’s becoming increasingly clear that the story in corn and soybean markets for the foreseeable future will be the ongoing pace of consumption. Series to monitor include ethanol production, soybean crush, feed and residual use, and exports. Last week’s article reviewed feed, seed, and residual uses of corn and soybeans. Today’s article will continue the review of corn and soybean consumption data by category by focusing on the pace of corn and soybean exports. Read the column...
 
Base Acre and Yield Updating Decisions: Push to the Finish (1/21/2015)
The deadline for completing base acre and yield updating decisions is February 27th. While the decisions usually are straightforward, collecting the information and completing the process will take some time. For this reason, beginning the process now seems prudent. Read the FEFO...
 
Issues Stemming from January USDA Reports (1/20/2015)
The USDA's final estimates of 2014 U.S. production and estimates of December 1, 2014 stocks released on January 12 revealed some potentially important issues for the corn and soybean markets. Three issues are addressed here: 1) the large difference between National Agricultural Statistics Service (NASS) estimates of planted acreage and planted acreage reported to the Farm Service Agency (FSA), 2) the surprisingly small feed and residual disappearance of corn during the first quarter of the 2014-15 marketing year, and 3) the surprisingly large seed and residual disappearance of soybeans during the first quarter of the 2014-15 marketing year. Read the column...
 
Yield Exclusion: Description and Guidance (1/13/2015)
The Yield Exclusion (YE) allows specific years to be dropped from the calculation of guarantee yields for crop insurance. This article describes YE, provides an example of Actual Production History (APH) yield calculation and premium quotation under YE, and provides guidance for YE’s use. Read the FEFO...
 
USDA Reports to Support Corn Prices (1/12/2015)
Today, the National Agricultural Statistics Service (NASS) of the USDA released the final estimates of the size of the 2014 U.S. corn and soybean crops and estimates of the stocks of corn and soybeans in storage as of December 1, 2014. In addition, the World Agricultural Outlook Board of the USDA released new forecasts of 2014-15 marketing year U.S. and world supply, consumption, and ending stocks of these two crops (as well as for many other commodities). These estimates and forecasts may dominate corn and soybean price behavior into the spring of the year. Following is a brief discussion of the estimates and forecasts and their price implications. Read the column...
 
More Pork Is on the Way (1/5/2015)
Pork producers are gearing up to provide their customers with what they want and that is “More Pork” and “More Bacon.” The nation’s hog producers have expanded the breeding herd by four percent and have already farrowed three percent more sows this past fall. The larger number of young pigs will begin to move pork production above year-previous levels in early 2015 and could reach seven percent higher by the end of 2015. Annual production may average five percent higher. This major increase comes after a series of years of smaller pork supplies dating back to 2007 when feed prices began to escalate and most recently due to large baby pig death losses in 2014 due to PED. Read the column...
 
Profit Margins for Dairy Producers Continue Negative Trend in 2013, Likely to Turn Positive in 2014 (12/19/2014)
Higher milk prices were not enough to offset higher costs resulting in total economic costs exceeding returns for Illinois dairy producers in 2013, according to figures summarized by University of Illinois agricultural economists in cooperation with the Illinois Farm Business Farm Management Association. Read the FEFO...
 
Corn Price Strength Continues (12/15/2014)
March 2015 corn futures traded to a high of $4.115 on December 15, the highest level since July 10 and $0.80 above the low reached on October 1. The average spot cash price at South-Central Illinois elevators was reported at $3.785 on December 12, $1.01 above the low on October 1. Read the column...
 
Base Acre and Yield Updating Tool: A Release of Spreadsheet to Aid in Making Farm Bill Decisions (12/9/2014)
The Base Acre and Yield Updating spreadsheet aids in making the first two sets of Farm Bill decisions: 1) base acre allocation and 2) yield updating. It also makes comparisons of expected payments from Agricultural Risk Coverage – County Option (ARC-CO) and Price Loss Coverage (PLC) programs calculated by Agricultural Policy Analysis System. Read the FEFO...
 
How Will the December 1 Corn Stocks Estimate Be Interpreted? (12/8/2014)
It is always a challenge to anticipate the USDA's quarterly estimate of corn stocks, but the estimate of the December 1 inventory, to be released on January 12, 2015, is a special challenge. Not only is there the usual uncertainty about the magnitude of feed and residual use of corn during the first quarter of the marketing year, there is uncertainty about the potential change in the corn production estimate that is released on the same day. Read the column...
 
Monthly Review of Corn Consumption (12/1/2014)
The pace of corn consumption remains mixed relative to the current USDA projections for the marketing year. Following is an update of the monthly analysis of the pace of corn consumption by category that we began in September. Read the column...
 

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