Crop Receipts in 2016 Show Little Change

USDA’s year-end crops report provided little reason to expect a significant pick up in overall crop receipts in the year ahead. According to industry analysts, the ag agency’s Dec. 9 World Agricultural Supply Demand Estimates points toward major crop receipts for 2015 at about $96 billion, or down approximately 8% year-over-year. Total cash receipts is a leading indicator of U.S. farmers’ buying power.

Following the release of the latest WASDE, Michael Shlisky, analyst for Seaport…

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