Monthly Agriculture Price Report

This article is based primarily on the September 26, 2023, USDA Crop Bulletin which covers the week ending September 24, 2023.  The full USDA Crop Bulletin can be accessed HERE

It again seems like an average crop which is good considering the late and poor start.  Because we published a few days late we were able to include the Crop Prices report that has indices for prices received and prices paid by farmers for their purchases but the ratio of prices received to prices paid is essentially the same in August as it was in July. But like all indices one sometimes has to look into the details to know how to interpret the indices and in this case the ratio of the price and cost indices. We show the summary and provide a link to the full report. Obviously, the full report is quite long and readers interested in this subject can follow the link provided and draw their own conclusions.

The article includes a short international review of agricultural conditions which are generally favorable. I also included U.S. crop-related weather forecasts.

We begin by taking a look at the impact of Tropical Storm Ophelia. It is probably too soon to assess the crop impacts which will show up in the USDA Crop Bulletin that will be issued on October 3 if the U.S. Government is not shut down.

Now on to the National Agriculture Summary.  The Tables below the summary have additional data. The boxes with my comments may be incomplete so for crops of interest check the data out yourself to be sure.