U.S. Corn Harvest Shows Farm Income Isn't the Same as Profit

The U.S. corn harvest is coming in better than feared, yet elevated input costs mean higher farm income is not translating into profit. Ben Klieve, Senior Research Analyst at StoneX Financial Inc., explains why farm income means revenue rather than profit and who gains first from cheaper corn. The U.S. Department of Agriculture's latest crop update points to elevated inventories and better-than-feared yields, diverging from late-summer industry estimates. Ethanol producers and animal agriculture gain first from plentiful corn, while static retail pricing keeps grocery bills high. The clearest consumer gain is at the gas pump, where E10 and E15 blends sell for less. Discover Actionable Markets Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_ben_klieve&utm_content=share 00:00 - Corn Harvest Tops the Fears 00:27 - USDA Splits With Corn Industry 01:30 - Farm Income Isn't Farm Profit 03:50 - Ethanol First in Line for Corn 04:49 - Cheap Corn Skips the Checkout 05:39 - Corn Savings Hit the Gas Pump Like and subscribe for more financial market insights. #StoneX #BenKlieve #Corn #Ethanol --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@StoneX_Official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social