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This week the USDA decreased the 2020 corn carryout, which lowered the stock to use ratio (i.e., the total usage compared to total production) to 2012 marketing year levels.

The USDA report found an additional 246 million bushels to add to the production side of the balance sheets.

China’s purchasing of corn and beans is the biggest factor impacting the market right now.

Last week May corn prices blew past $6, and then a few days later $6.50.

In 12 of the last 15 years December corn futures have had a pullback in August or September. This seasonal trend is usually due to several factors.

The FSA administrator dives into farmer financing, programs, vaccine rates and more.

The potential elimination of stepped-up basis proved to be a hot-button topic for agriculture in 2021. Pro Farmer’s Ag Person of the Year earned the award for his work in stepped-up basis and Clean Air Act mandates.

A reader asks us about constructive receipt on grain sales. We go over the rules to have a proper deferral of grain sales.