We developed a statistical model that projects the 2020 harvest price for soybeans, given a national soybean yield and average of May futures prices. This projection represents the harvest price used in crop insurance.  The current U.S. yield estimate from the U.S. Department of Agriculture (USDA) is 49.8 bushels per acre. Given this yield estimate […]

The USDA releases the June 1 corn stocks estimate on June 30.  Typically, the Acreage report published on the same day eclipses the quarterly grain stocks report.  While the Acreage report remains crucial for price expectations this year, the grain stocks report looks to hold some essential information on feed and residual levels for the […]

On June 18, we’ve had a week of dry weather, and the wet spring almost feels like it’s in the rear-view mirror. But with a projection for above-normal precipitation over the next 10 days, there is potential for additional loss of nitrogen from corn fields that could push us over the edge. Despite the dry […]