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USDA Crop Progress Report Shows 5% of Corn Harvested

September 14, 2020 | Posted in Commodities

The most recent USDA Crop Progress report, which reports data for the week ended Sept. 13, 2020, showed that some 5% of corn has been harvested, exceeding the 3% harvested in the same week last year.

Producers See Negative Net Returns for Corn, Soybeans & Wheat in Recent Years

September 14, 2020 | Posted in Data & Trends

Corn’s net returns increased early in the decade, primarily due to a boom in the production of corn-based ethanol. Corn yields and acreage remained high after the boom, leaving supply high and leading, in part, to lower prices and returns over time. Net returns for soybeans shadowed those for corn during the ethanol boom, remaining higher than those for corn up until 2018.

Farmers’ 2020 Bottom Line Padded by Highest Federal Aid Ever

September 14, 2020 | Posted in Data & Trends

Overall, U.S. farmers are expected to end up in the black for 2020, largely due to government payments aimed at lessening the impact of the COVID-19 pandemic. According to USDA economists, net farm income (NFI) is forecast to increase $18.3 billion (up 21.7%) from 2019 to nearly $103 billion in the current cropping year.

USDA Crop Progress Report Shows 25% of Corn Matured

September 8, 2020 | Posted in Commodities

According to the most recent USDA crop progress report, one quarter of corn was reported mature in the week ended Sept. 6, 2020. This exceeds the 10% reported mature in the same week last year and the 5 year average of 19%.

Why USDA is Forecasting Higher Farmer Profits in 2020

September 3, 2020 | Posted in Data & Trends

On Sept. 2, USDA’s Economic Research Service (ERS) released its updated Farm Sector Income and Finances report and projected that farm profits would improve in 2020 relative to 2019. According to the ag agency, the improving bottom line for farmers will result from slightly higher crop receipts, lower production expenses and a hefty increase in government assistance.

Farm Profits Forecast to Rise in 2020

September 2, 2020 | Posted in Data & Trends

Inflation-adjusted U.S. net cash farm income (NCFI), defined as gross cash income less cash expenses, is forecast to increase $4 billion (3.6%) to $115.2 billion in 2020.

Soybean-to-Corn Price Ratio Signals Increasing Soybean Profitability

August 27, 2020 | Posted in Data & Trends

The soybean-to-corn price ratio is often used as one of several tools in measuring profitability of soybeans and corn. The current ratio of U.S. soybean to corn prices has recently risen, sending a signal to farmers that the relative profitability of soybeans has increased over corn.

USDA Crop Progress Report Shows 44% of Corn Dented

August 25, 2020 | Posted in Commodities

According to the latest USDA Crop Progress report, around 44% of corn was reported dented in the week ended August 23, surpassing the 24% reported dented this time last year.

USDA Crop Progress Report Shows 23% of Corn Dented

August 17, 2020 | Posted in Commodities

According to the latest USDA Crop Progress report, 23% of corn was reported denting in the week ended August 16. This exceeded the 13% reported denting this time last year but was just below the 5 year average of 24%.

Latest USDA Crop Progress Reports 11% of Corn Dented

August 10, 2020 | Posted in Commodities

According to the latest Crop Progress report from USDA, 11% of corn in the U.S. was reported dented in the week ended August 9, above the 6% reported dented this time last year.

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