2017 Hypothetical Revenue Projections for Corn

***This commentary is provided for descriptive and entertainment purposes only and is not intended to be used for specific trading strategies or interpreted to be investment advice. *****  

In my September market update, I discussed some modeled revenue projections based on the WASDE numbers and projected yield (169 bu/acre) as well as some analyst estimates (167) and what yield it would take (163.5) to get prices back to $4/bu.

To supplement that analysis I have put together a hypothetical budget for corn based on University of Missouri extension estimates.

Using this spreadsheet I could make revenue projections for the three different yield and national average price projections assuming on farm yields of 200 bu/acre for a 2,000 acre operation:

Projected National Yield:	169.9	167	163.5
Projected Stocks to Use:	16.40%	14.70%	12.65%
Projected Price:	3.36	3.62	4.04
Revenue-Returns to Labor:	$44,000.00	$148,000.00	$316,000.00

Bear in mind this does not consider basis or specific marketing strategies and crop insurance tools that many producers may be using. However it gives an idea, based on the cost, yield, and price assumptions, the revenue implications that this can have for producers.

***This commentary is provided for descriptive and entertainment purposes only and is not intended to be used for specific trading strategies or interpreted to be investment advice. *****