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

Will Non-Land Costs Decrease in 2015? (9/16/2014)
Modest decreases in costs are projected for 2014. It is, however, difficult to identify where further large decreases in costs will occur in 2015. Fertilizer and seed costs need to decrease if non-land costs are to continue to lower levels. Read the FEFO...
 
Update on Corn and Soybean Acreage (9/15/2014)
The USDA’s Crop Production report to be released by the National Agricultural Statistics Service (NASS) on October 10 may contain revised estimates of planted and harvested acreage of corn and soybeans. Revisions would be based on information revealed in the October Agricultural and Objective Yield surveys as well as other administrative data. Other administrative data consist primarily of certified acreage estimates received by the Farm Service Agency (FSA). The Farm Service Agency requires that producers participating in several federal commodity programs submit an annual report regarding all cropland use on their farms. Acreage is reported in three categories: planted, prevented planted, and failed. Read the column...
 
Cash Rents in 2014 and Expected Cash Rents in 2015 (9/9/2014)
Expected 2015 rents point to decreasing cash rent levels on professionally managed farmland. Whether or not other cash rents follow professionally managed cash rents down is an open question. Read the FEFO...
 
September 1 Corn Stocks Estimate - Does It Matter? (9/8/2014)
Corn prices continue to be dominated by expectations of a very large U.S. harvest. The USDA will release a new forecast of the size of the crop on September 11. The market expectation is that the new forecast will be about 250 million bushels larger than the August forecast and that the forecast is likely to be larger again in October, reflecting an U.S. average yield well above trend value. Read the column...
 
Rebuilding U.S. Animal Industries (9/2/2014)
Everyone is familiar with the phrase, "What goes up must come down!" Grain prices seem to be following this old axiom, with substantial questions remaining of "how far down?" For U.S. animal product consumption the phrase could be reversed, "What goes down must come up!" Read the column...
 
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...
 
Farmland Price Outlook in 2014 and Beyond (8/19/2014)
Decreases in cash rents are not likely to cause substantial farmland price decreases. A larger risk factor for farmland price declines are increasing interest rates. Read the FEFO...
 
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...
 

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