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: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
