Re: Soy Bean Farming

Posted by paul on September 13, 2019 at 09:25:07 from (76.77.197.114):

In Reply to: Re: Soy Bean Farming posted by Married2Allis on September 13, 2019 at 07:49:12:

Soybeans are dismal, corn is not real good, in today’s Ag economics.

We are in a tussle with the main global buyer of soybeans as well as several world over-supply issues, and so they have dropped 20% or so in value the past year. We
export between 1/3 and 1/2 of our soybeans so world prices is what matters, we have to sell to the rest of the world. African Swine Fever has killed off 1/3 or more of
China’s hogs, meaning they really don’t need to buy much soybeans for hog feed anyhow. In short the world just doesn’t want many soybeans right now we have then
stacked up no place to go.

Corn prices have dropped along with soybeans, as we farmers are growing a bit more corn and less soybeans. As well, ethanol fuel is under attack and there appears
to be less demand for corn here in the USA. Together, this has also dropped corn prices quite a bit.

Both of these are very political issues, I’m trying to just say how it is not stir up a political fight here.

Meanwhile, hay prices have gone the opposite direction here in the Midwest, I’m in Minnesota, growing and baling dry hay has been very difficult in the cold springs and
wet summers we have had, hay prices have doubled in the past 4 years.

Markets prices might be different there than here, but here your friend would be foolish dollar wise, if he has an established hay market.

Here in the upper Midwest it is typical to be growing 50% corn, and 40% beans, and 10% odds and ends crops. Corn and beans compliment each other and rotate well.
In our climate and market corn is the better crop, soybeans make less but are part of the rotation.

Honestly, it is hard to see a profit on an acre of soybeans this year. Who knows maybe next year is different.

Food in the USA should be really cheap, grain prices have dropped a lot over the past 3 years. You might want to ask your grocery store or restaurant why their bill to
you isnt 2/3 of what it was 5 years ago. Grain prices are not a happy topic......

Paul

Replies:

• Re: Soy Bean Farming Bill(wis) 09:32:57 09/13/19 (0)

Add a Reply! You must be Logged In to Post Name: E-Mail: Subject: Comments: Optional Link URL: Link Title: Optional Image URL: Optional Video Title: Optional Video Embed: Advanced Posting Options Email Notification: If you check this box, email will be sent to you whenever someone replies to this message. Your email address must be entered above to receive notification. This notification will be cancelled automatically after 2 weeks. No political comments, hate speech or bigotry of any kind will be tolerated. Violations will be removed and posting privileges may be permanently revoked without notice.   Advanced Posting Tools   Select Gallery Photo  Attach Serial No List  Return to Post  Upload Photos/Videos Choose Files from your local computer Upload one or more videos to your post. Photo and video filesizes should be less than 5MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.

TRACTOR PARTS	TRACTOR MANUALS

We sell tractor parts!  We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]