The U.S. Department of Agriculture released updated farm income numbers this week, and the outlook is still bleak, says Jim Henry.

Most of the U.S. crop balance sheet estimates were within the range of expectations, but questions remain on global side of the U.S. Department of Agriculture’s supply and demand estimates report.

With lower projected year-end stocks, the U.S. Department of Agriculture bumped up price expectations in its supply and demand estimates report.

Less corn and a few more soybeans were forecast in the U.S. Department of Agriculture’s crop production report.

Corn basis weakened across much of the eastern Corn Belt in August, but soybean basis told a very different story.

Long-term profitability will depend less on producing a good crop and more on earning a profitable price for it, predicts Jim Henry.

A farmer survey across 25 states projects slightly smaller U.S. corn and soybean crops than the U.S. Department of Agriculture’s August estimates.

Market data for week ending Sept. 11, 2026.

Farmers were optimistic about the agricultural economy in August, according to the latest Purdue University-CME Group Ag Economy Barometer survey.