Weekly Insights

September 21, 2020

The Most Interesting Chart in 2020: U.S. Gasoline Consumption

Decades from now, observers will reflect on key statistics, such as unemployment and GDP, and note how numerous conditions in 2020 hit unfavorable records. In a year full of extremes, this week’s post reviews what we consider to be the most interesting – and insightful – chart of 2020: U.S. gasoline consumption. U.S. Gasoline Consumption […]

September 14, 2020

New Marketing Year, New Optimism for Corn and Soybean Exports

The following is a condensed version of AEI Premium content. You can read the original posts here and here. Not a subscriber yet? Get started with a free trial. September 1 marked the beginning of the 2020/21 marketing year for corn and soybeans, and with the new marketing year comes new optimism. In this week’s post, we unpack the latest corn […]

September 8, 2020

Early Yield Forecast Errors

The following is a condensed version of AEI Premium content. You can read the original posts here and here. Not a subscriber yet? Get started with a free trial. This Fall, the U.S. corn and soybean crops have faced several late growing season challenges. Even before the August WASDE report was published, the Iowa derecho […]

August 31, 2020

Reviewing 2020 Commodity Prices and Expectations

A few weeks ago, two Ag Forecast Network (AFN) questions closed without much fanfare. While the probability of Dec. ’20 corn futures exceeding $4.25 and the Nov. ’20 soybean contract exceeding $10.50 were low probability events throughout the summer, this was not the case last winter. This week’s post reviews corn and soybean future prices […]

August 24, 2020

What’s the Deal with Cost per Bushel?

The following is a condensed version of an AEI Premium article. Not a subscriber yet? You can access the full story – and much more – by starting a free trial here. by Brent Gloy and David Widmar Throughout our careers, there has been a farm management debate: cost per acre versus cost per bushel. […]

August 17, 2020

Cash Rents Steady

By Brent Gloy   The USDA recently released their state-level estimates of cash rental rates. These estimates showed that cash rental rates were basically flat in 2020, as they have been for the last several years. This is not surprising given the struggles that the farm sector has experienced for the last half of the […]