I have updated the profitability outlook after the release of the June 30 Acreage and Grain Stocks Reports. Today’s report was bearish which was reflected in today’s prices. Margins again tightened up considerably particularly on average production as all non irrigated crops except soybeans showed negative margins when examining all specified costs which include land cost. Irrigated crops fared slightly better with single crop soybeans and the wheat- soybean combinations showing positive returns over specified costs. Producers will continue to need to keep a check on their production-financial management especially if prices continue to trend downward or if even if they hold where they are. For updated profitability tables please click on 6 30 14 profit change.