by David Widmar and Brent Gloy
When you think of March, two big events come to mind: the NCAA’s March Madness and the USDA’s Planting Intentions report. In both cases, speculation and anticipation is in full force on how the brackets and balance sheets will sort out. Furthermore, both the NCAA tournament and U.S. spring crop plantings will likely have a few surprises.
This week’s post takes a look at the latest crop insurance and commodity price data to provide some insights on what 2017 planting might have in store. Continue reading
by David A. Widmar
Lower fertilizer prices have been an important source of crop budget improvements in recent years. From 2014 to 2016, a majority of corn production costs reductions came from lower fertilizer expense. Last fall, we noted that fertilizer prices were again lower and could provide additional relief to crop budgets in 2017. Recently, however, fertilizer prices have turned higher. This week’s post looks at 2017 fertilizer prices and the farm-level implications. Continue reading
by Brent Gloy
Following last week’s analysis of the trends in global corn consumption, this week we look at global corn production. We examine which countries are the most important corn producers and how production area and yields have changed. Much like corn consumption, a small number of countries dominate corn production. This makes what happens in these countries particularly important to corn supplies in the short and long term. Continue reading