And they have good reason to, according to AgResource Co. president Dan Basse, who estimates potential farm returns to favor corn over full-season beans by up to $90 to $100 per acre. The analyst discussed other planting projections at the llinois Society of Professional Farm Managers and Rural Appraisers’ annual meeting.  

The U.S. Environmental Protection Agency (EPA) proposed a multiyear rule that established required Renewable Volume Obligation targets and percentage standards for 2023 to 2025 and proposed modifications to the Renewable Fuels Standard program. This Market Intel provides analysis on changes to the RFS standards and their potential impacts on farmers.   Read more

Is this classic scenario running through your head: “If I sell now, the price will go higher and I’ll miss my chance. If I hold, the price will drop and I’ll kick myself for not selling?” Curt Strubar of Advance Trading and RFD’s DeLoss Jahnke discuss the current market and where to make profitable moves. READ MORE

With cattle, calves, beef cows and cow and heifer inventories down and under trade expectations, what’s ahead for the cattle market? “I’m not sure how much futures can extend recent gains,” said Rich Nelson, chief strategist at Allendale Inc. “The interesting thing is we’re not yet into the tight supply portion of the 2023 picture. That really starts in the second quarter and accelerates into the fourth quarter.” He discussed USDA’s biannual cattle inventory report.     Read more

There’s still time to complete the 2022 Census of Agriculture. As of Jan. 20, Illinois had a return rate of 30%, ranking it second among all states. Don’t forget to respond online or by mail by Feb. 6.   READ MORE

Canadian dairy quotas focus of second USMCA dispute panel Plans for the Canadian government finalized in May 2022 to fix its quotas “have not fixed the problem,” U.S. Trade Representative Ambassador Katherine Tai said in a statement. Now, the United States is again asking a dispute settlement panel to rule on its objections.   READ MORE