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June 7, 2021
Following up on the 2021 Corn Yield Guide, this week’s post reviews the historic soybean yield data and considerations for 2021. USDA’s May WASDE report estimated initial soybean yield for 2021 at 50.8 bushels per acre (bpa), up from 50.2 last year but not quite to the record levels set in 2016. Historic U.S. Soybean […]
June 1, 2021
A Look Back at Gasoline Consumption During 2020 Last September, we considered the most interesting chart of 2020: U.S. gasoline consumption. The trend lines said a lot about a year full of extremes. Specifically, the data provided three important takeaways: The gasoline consumption data is especially timely and robust, considering that there are not many […]
May 24, 2021
Introduction – 2021 Corn Yield Unknowns Every year, USDA’s early yield projections come under scrutiny for seeming large. 2021 is no exception. USDA’s May WASDE report estimated initial corn yield for 2021 at 179.5 bushels per acre (bpa), which would be the largest yet observed. This week’s post considers the historic corn yield data, accounts […]
May 17, 2021
Agricultural production is primarily dominated by rather slow rates of change that persist for many decades. For example, corn and soybean yields have trended persistently higher over several decades, global soybean production has increased at 4.8% since the 1990s (compared to just 3% for corn), and U.S. wheat acres today are roughly 50% of the […]
May 10, 2021
Perhaps the biggest agricultural demand story of the 21st century has been China. Accounting for more than 18% of the global population, China’s large population – of 1.4 billion – has also experienced a dramatic rise of per-capita income. These two demand factors have occurred as domestic production in China has struggled to keep up, […]
May 3, 2021
From time to time, the AEI.ag team compiles an agriculture policy watch list summarizing the issues on the front burner now that may affect the farm economy for years to come. The 100-day mark of the Biden administration seems like an appropriate moment to take stock of what’s on the docket for farm policy during […]