Annual Market Outlooks
Increasing demand and economic recovery create stable outlook.
Be ready for a colder and snowier winter versus recent years.
The outlook for 2023 grain prices is difficult to pin down given a host of unknown global outcomes. Economists say the new year could bring major moves in either direction, including higher prices.
When adjusted for inflation, 2022 net cash farm income is forecast to increase by $13.5 billion (8.7%) from 2021 and be at its highest level since 2012.
Dryness in South America prompted USDA to cut production estimates for key countries, such as Brazil, Argentina.
How will she impact drought conditions in 2022?
USDA currently pegs soybean plantings at 87.5 million acres. Market analysts offer projections both above and below that number and explain their rationale, which includes the South America crop and weather forecasts.
Prepare for a dynamic farmland market in 2022.
After the dizzying heights of $1.21 per pound in 2021, the Cotton Belt could see 12 million acres in 2022, and possibly more, contingent on a mercurial La Niña.
From increased input prices, to a dimmer outlook on corn export demand, analysts say there are a multitude of factors driving the outlook into the new year. Analysts weigh in on their price picture projections for 2022.
Here’s a look at what analysts are expecting for the upcoming growing season in 2021.
USDA predicts 89 million soybean acres in 2021. Some analysts believe that number could go even higher.
For the past two years, wheat acres have dipped to a 100-year low. For 2020, acres could challenge the 110-year low.