May Corn & Soybean Outlook Update

Purdue agricultural economists Michael Langemeier, Nathan Thompson, and James Mintert hosted a live webinar on May 16th. The team discussed the corn and soybean outlook following USDA's May World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies. Updates on balance sheet estimates for both the 20/21 and 22/23 crop years, corn and soybean export prospects, ethanol demand, ending stock estimates, corn and soybean basis, and inflation's likely impact on interest rates along with farm's income projections were discussed.   Podcast provided by Purdue University's Center for Commercial Agriculture. For more information on the current ag outlook and farm economy, visit us at http://purdue.edu/commercialag.