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Record High Farmland Prices in Eastern Corn Belt

Sixteen auctions in a month saw new records posted in price per productivity index point.

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First Thing Today | December 3, 2021

Soybean futures extended their corrective gains from the two previous days overnight, which helped support corn. Wheat futures held in a tight range in narrowly mixed trade.

Market Watch | December 2, 2021

Our updated monthly and quarterly price forecasts.

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Over half U.S. winter wheat area now in drought

As of Nov. 30, 52% of U.S. winter wheat area was covered by drought conditions, up from 49% the previous week.

Another paltry wheat export sales tally

Wheat export sales were a marketing-year low. Corn and soybean sales were down sharply from the previous week but each topped 1 MMT.

First Thing Today | December 2, 2021

Grain, soybean futures extended Wednesday’s corrective gains overnight.

Rising commodity prices are main driver in higher farm income forecast for 2021

U.S. net farm income is forecast to reach $116.8 billion in 2021, up $22.0 billion (23.2%) from 2020 with the 2020 result up $15.7 billion (19.9%) from 2019.