home news forum careers events suppliers solutions markets expos directories catalogs resources advertise contacts
 
Market Page

Market data
Market data sources
All Africa Asia/Pacific Europe Latin America Middle East North America
  Topics
  Species
 

Missouri, USA - Many farmers switching from corn to soybeans


Columbia, Missouri, USA
April 22, 2015

A lot of farmers may be switching to soybeans because of the high cost of growing corn. USDA’s first estimate for corn acreage in 2015 came in at 89.2 million acres, down about 1.5 million from last year.

University of Missouri Extension agricultural business specialist David Reinbott told the 2015 MU Spring Ag Marketing Outlook Conference that farmers might switch another 500,000 to 1 million acres from corn to soybeans if fields aren’t dry enough for planting in the next few weeks.

The USDA pegged soybean planting at 84.6 million acres, up about a million acres from last year. That estimate may be on the low side, Reinbott said.

Based on trend-line yields and current use rates, ending stocks could put soybean prices under $10, he said. Prices could go even lower if farmers switch more acres from corn to soybeans, he added.

Reinbott says it looks like there will be a good-sized corn and soybean crop in Brazil and Argentina, which also will push prices down.

Presentation slides from the conference are available at http://agebb.missouri.edu/mkt/teleconf.



More news from: University of Missouri


Website: http://www.missouri.edu

Published: April 22, 2015

 
 

Better Food Venture's
AgTech Landscape 2019

 

 

2019 THRIVE Top 50
landscape map

 

Concentration in Seed Markets - Potential Effects and Policy Responses

(OECD December 2018)
 

Visualizing Consolidation
in the Global Seed Industry
1996–2018

Seed Industry Structure
1996-2018

Phil Howard
Associate Professor
Michigan State University


 

2017 Seed Company Family Tree
Ccreated Septebmer 2017
by Robert Walsh
WaSoo Farm, Elk Point, South Dakota

Syngenta Brands Family Tree
Ccreated January 2017 by Robert Walsh, WaSoo Farm, Elk Point, South Dakota

 
Rabobank's
World Vegetable Map 2018

 

 


Archive of the MARKETS section

 

 

 


Copyright @ 1992-2024 SeedQuest - All rights reserved