Corn ethanol crush margins are favorable compared to most recent years except for 2022. Corn crush levels in the first 3 months of the 2024/25 crop year were up modestly from a year ago.The $.70 cent post harvest rally probably won’t slow down ethanol mill activity. However, a rally close Read more…
The soybean/corn price ratio since harvest suggests corn will gain some area at the expense of soybeans in 2025. The cost of corn seeding compared to soybeans, as measured by the fertilizer price index, is well below the recent peak in 2022, but still high compared to years prior to Read more…
The soybean/corn price ratio has fallen well below the past 30-year average so far this crop year. The price ratio is the primary determinant of changes in soybean planted area. The current ratio suggests a two million acre decline in soybean area in 2025. We use the October/March 15 soybean Read more…