This seemed to be the week that many wanted to talk about how much more corn and less soybeans farmers will plant in 2019 because of the drop in soybean prices and lack of any resolution to the U.S./China trade issues. Guesses ranged from a swap as little as 2 million acres to one as high as 5-6 million acres. There are several problems with throwing out random acreage guesses this early, though, including the following:
The 2018 corn and soybean harvests are not even finished yet. The 2019 planting season is still six to seven months away. Growing seasons in Argentina and Brazil have barely started. Farmers are making money growing soybeans even at today’s prices because yields have been so good. Planting costs for soybeans ar...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
