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Corn and Soybeans Fade USDA Cuts to Yields and Ending Stocks: Timing of Surveys May be the Answer

AgWeb Farm Journal

Grains slide lower after the USDA lowered yield, production and ending stocks on corn and beans. Wheat was slightly negative with an increase in carryover. Jim McCormick of AgMarket.Net has analysis.

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How carryover 2023 crop on farm is impacting farmers’ outlook during 2024 harvest

Real Agriculture

It’s no secret that there was still 2023 crop on-farm at the end of July. Some of that old crop won’t have moved even as the calendar flips to September. I’m not sure that this is uncommon during cycles where the market is in decline over an extended period. For three years prior, the best. Read More

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Making Charitable Contributions Count (Part I)

Agribusiness Blog

Some producers just don’t want to donate grain and prefer cash…and sometimes so do their favorite charities. It’s a New Year and a new opportunity to start out right with tax planning for 2024. Last month during producer projections the topic of charitable contributions came up frequently.

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2024 Agricultural Commodity Prices and Market Outlook 

Trimble Agriculture

Cotton Cotton supply is up, primarily due to carryover stock from the previous marketing period. After disruptions from COVID and the Russia-Ukraine conflict, global supplies of wheat are increasing, and prices are predicted to fall to $7.20 per bushel in 2023/24.

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Equipment Sale Trap

Agribusiness Blog

As farmers approach retirement their two biggest concerns are generally equipment sales and carryover grain. The mass sale of the farmer’s equipment line has become a hot topic again as of late.