If you want to get a rise out of a farm audience, just mention USDA reports. To people outside of ag this is mystifying. Why…
It would seem that the answer to the question posed in the title is simple. Futures markets develop because there is a need for the…
In my long career as an agricultural economist, one of the things that I take most pride in may surprise you. I am holding it…
If you wonder why I spent so much time the last few years writing two books focused on speculation in commodity futures markets (my wife…
I believe pictures like those shown below cause no end of confusion with respect to the analysis of grain markets. The first picture is my…
I published a new farmdoc daily article this week about the trend in the U.S. average corn yield. This is a key driver of overall…
One of the most basic tasks in the supply/demand analysis for grains at this time of year is the estimation of trend yields. You would…
My farmdoc colleagues Joana Colussi, Gary Schnitkey, Joe Janzen, and Nick Paulson just published an excellent new article on the U.S., Brazil, and China soybean trade “triangle.” ……
It won’t be long until we start thinking seriously about corn yields for the U.S. in 2024. I know there are already some concerns out…
In a recent post, I talked about the “golden number” for crop production in the U.S. Corn Belt in 2023. I called July precipitation the…