Items: Grains
Old Crop Balance Sheets and New Crop Projections: What would it take to get $6.00 Corn and $14.00 Soybeans?
By Grant Gardner | Assistant Extension Professor
Published on Feb. 28, 2024
The first projections for the 2024/25 crop year were released on February 15th at the Ag Outlook Forum (AOF). These estimates indicate a more bearish situation in the 2024/25 marketing year than we are currently experiencing in 2023/24. As we came out of COVID/Russia-Ukraine-induced highs, prices have fallen rapidly.
Grain Profitability Outlook 2024
By Greg Halich | Associate Extension Professor
Published on Feb. 28, 2024
Grain prices have dropped dramatically in the last year. Current prices for 2024 new crop delivery are around $4.15/bu for corn, $11.00/bu for soybeans (2/23/23). This is a decrease of around $1.00/bu for corn and $1.75/bu for soybeans compared to what these prices were expected one year ago (see Figure 1).
Mississippi River Level Impacts on Basis: 2022 Vs. 2023
By Grant Gardner | Assistant Extension Professor
Published on Oct. 30, 2023
In 2022 and 2023, the river levels on the Mississippi slowed barge freight and, thus, crop exports out of Kentucky. When river levels decline, barge transportation slows, which causes barge freight rates to increase.
Wheat Double-Crop Soybean Budget | 2023-2024
By Greg Halich | Associate Extension Professor
Published on Oct. 1, 2023
Purpose: This Decision Aid has been constructed to help budget for wheat or wheat double-crop soybean production. Machinery Options Evaluated: No-Till Wheat, No-Till Weat and No-Till Soybeans Author(s) Contact Information:
Fall 2023 Wheat Planting Decision
By Greg Halich | Associate Extension Professor
Published on Sep. 29, 2023
Corn harvest is now underway and Kentucky grain farmers will soon decide if and how much wheat they will plant this fall. Compared to last year there are significant decreases in wheat and soybean prices, but also significant decreases in fertilizer and fuel prices. The following analysis quantifies these relative changes to estimate the profi
Interest Rates and Grain Storage
By Grant Gardner | Assistant Extension Professor
Published on Aug. 29, 2023
For the 2023/24 marketing year, higher interest rates will negatively impact producers' costs for holding grain in storage, especially for producers utilizing operating loans.
2023 May WASDE Update: Yield is King
By Grant Gardner | Assistant Extension Professor
Published on May. 30, 2023
Summary
Projected Plantings and Historical Accuracy
By Grant Gardner | Assistant Extension Professor
Published on Apr. 28, 2023
In this article, I discuss the Prospective Planting report for 2023, which provides the first survey-based estimates of farmers' 2023 planting intentions. I first discuss the projections for the United States and Kentucky.
Maximizing Value: 2023 Spring Application of Broiler Litter for Grain Crop Production
By Jordan Shockley | Associate Extension Professor
Published on Mar. 30, 2023
Spring is here and grain producers across the state are gearing up for planting. One of the many decisions producers have to make before planting is in regard to their nutrient management plan. Broiler litter provides a great opportunity as a complete fertilizer and is being produced and used throughout the state in grain production. However,
Grain Profitability Outlook 2023
By Greg Halich | Associate Extension Professor
Published on Feb. 28, 2023
The grain markets surged to a new level after Russia’s invasion of Ukraine in late February 24, 2022. Prices have come down since their peak last spring, but they are still extremely high. Current prices for 2023 new-crop delivery are around $5.60/bu for corn, $14/bu for soybeans (2/22/23). This is an increase of around $.30/bu for corn and $