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Agricultural Programs
17
Nov
2016
November supply and demand for field crops
Author: Archie Flanders, Extension Economist

By Archie Flanders, Agricultural Economist

The November report for the supply and demand situation of field crops maintains market fundamentals that are resulting in low commodity prices. Supplies have historical cycles above and below equilibrium, and currently low crop prices are following corresponding trends of markets with excess supply. Preliminary analysis for Cooperative Extension Service 2017 crop enterprise budgets indicates field input prices are approximately equal to spring 2016 prices. Diesel fuel prices are currently 40-50 cents per gallon higher than spring 2016 prices. At expected 2017 commodity prices, only soybeans and peanuts have net returns at least equal to total costs of production that includes land rent.  More current supply and demand information – November_2016


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