In this episode, Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert discuss the updated corn and soybean outlook following release of USDA's January Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. The team reviewed new information from USDA and implications for 2021 and 2022 crop marketing strategies. Updates on corn and soybean export prospects, ethanol demand, ending stock estimates, and corn and soybean basis along with crop production cost and income projections were also discussed. Slides from the discussion can be found at https://purdue.ag/webinar011422.
Podcast provided by Purdue University's Center for Commercial Agriculture. For more information on the current ag outlook and farm economy, visit us at http://purdue.edu/commercialag.