The levels of the soybean processing domestically and the amount of soybean exports are estimated to increase in 2016-17, compared to the previous two years, which has helped strengthen prices.
As expected, the USDA Crop Production Report released on Jan. 12 indicates that U.S. corn production and soybean production were at record levels.
As we look ahead to 2017, it appears that the tight profit margins that have existed in crop production in the past two years are likely to continue into 2017.
The ARC-CO program utilizes national average grain prices and average county yields to determine ARC-CO payments.
2016-- Here is a look back at how land value trends and input costs fell for a third year.
Reflecting on 2016 shows it was a crop year that probably won't be repeated again for years.