- March 1, 2024 – RMA base prices for corn, sorghum, and soybeans with a sales closing date of March 15 have been set. Compared to last year, these prices are down about 20% for feed grains and 16% for beans.
- February 23, 2024 – The “Grains and Oilseeds Outlook” presented at last week’s Agricultural Outlook Forum confirmed expectations for 2024 grain supplies to increase more than increases in use, a recipe for lower prices.
- February 8, 2024 – U.S. corn ending stocks were up slightly in the revised estimates of supply and demand in the February WASDE. World corn ending stocks were down this month on a smaller crop in Brazil and use little changed.
- February 2, 2024 – Drought conditions in the North Central region continue to improve this winter compared to the end of the 2023 growing season. Export sales of corn and grain sorghum are on track to reach USDA’s marketing year targets.
Mark Welch
Texas A&M AgriLife Extension Economist
600 John Kimbrough Blvd
TAMU 2124
College Station, Texas 77843
Tel. (979)845-8011
Fax. (979)845-4906
JMWelch(at)tamu.edu
The opinions and recommendations expressed are solely those of the author and are intended for educational purposes only as part of the Texas A&M AgriLife Extension Service. Texas A&M AgriLife Extension Service assumes no liability for the use of this newsletter. Educational programs of the Texas A&M AgriLife Extension Service are open to all people without regard to race, color, sex, disability, religion, age, or national origin. The Texas A&M University System, U.S. Department of Agriculture, and the County Commissioners Courts of Texas Cooperating