My crop mix will be 1/3 Soybeans and 2/3 Corn, although I expect the area to be closer to 20 % beans and 80% corn. Either way planting should be under way in 8 weeks or less. Deliveries of seeds and other supplies have began and equipment is getting tuned up for the field work.
Yield projections in South America are lower because of continued dry weather. Brazil and Argintina produce 50% of the world soybean supplies while the United States produces 33%, making any drop of South American production important to world supplies. If soybean planting is reduced in favor of more corn acres, then profitability of my soybean acres could exceed the corn acres. As of today's prices for fall harvest my projections show corn after beans the most profitable followed by beans after corn and finally corn after corn, using updated numbers on the planner from last month.
Serving together, Dean
No comments:
Post a Comment