Corn vs Soybeans - a slightly different slant
This article sums up what I have been thinking recently based on various US farming websites that I frequent. I don't see there being quite such a wholesale switch from corn to beans as many are forecasting in 2008......
So you are going to plant more soybeans this year, you say? Half of your acreage? More than half? Mad at anhydrous ammonia prices and planting 100% soybeans? Booked beans for $13 and planning on retiring? Well, we’ll all find out next Monday morning when USDA releases its Prospective Plantings Report, and then it will be time to make adjustments if your intentions are different than what the market wants. Instead of gut feelings, have you penciled out the revenue returns? We have, and they may be different than what you think!
Full story: here
So you are going to plant more soybeans this year, you say? Half of your acreage? More than half? Mad at anhydrous ammonia prices and planting 100% soybeans? Booked beans for $13 and planning on retiring? Well, we’ll all find out next Monday morning when USDA releases its Prospective Plantings Report, and then it will be time to make adjustments if your intentions are different than what the market wants. Instead of gut feelings, have you penciled out the revenue returns? We have, and they may be different than what you think!
Full story: here