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Corn and soybean prices for 2022 fall delivery are at high levels. During the first two weeks in May, fall delivery bids in central Illinois averaged $7.39 per bushel for corn and $14.52 for soybeans. Significant changes in prices going…
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Recent Articles

International long-term forecast models hint at the possibility of a third consecutive La Niña event this year. It is not uncommon to see La Niña occurring over two successive seasons. This happened in both 2021-2022 and 2011-2012. However, it is…
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Farmland prices and machinery values began to increase in 2020 and those values really took off in 2021.  In addition to this, we saw increased commodity prices.  All of these have led to increases in earnings and in turn increased…
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In a recent farmdoc daily article (May 9, 2022), corn planting date results from agronomic field trials in Illinois were compared to state-level estimates of late planting impacts.  The field trials indicated that the yield penalty for planting past mid-May…
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Crop insurance’s prevent plant provision has the potential to reduce planted acres if weather delays planting until prevent plant’s first decision date.  This potential is especially relevant in 2022 with its tight supply-demand balance.  Planting progress as of May 15…
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For 2023, growing wheat followed by soybeans (wheat-double-crop-soybeans) currently is projected to be more profitable than growing either corn or soybeans, particularly in southern Illinois. Much of the higher projected profitability is due to higher prices caused by the Ukraine-Russia…
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On Thursday, May 12, the USDA released its first complete 2022/23 marketing year supply and demand estimates for corn, soybeans, and wheat in the May 2022 WASDE report. These estimates provide an important point of reference for old-crop and new-crop…
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