Here's Why Input Supply Concerns Could Be Bigger Than Price in the 2022 Acreage Debate
Positive demand news late in the week meant soybean prices tried to recover from the double digit losses after the USDA reports. And it's more than price that could have the final say in the 2022 acreage debate.
USDA Stuns the Soybean Market with Changes in October Report
USDA's October Crop Production and WASDE reports caused the soybean markets to tank Tuesday. One analyst says he thinks USDA's soybean could continue to rise as soybean demand shows signs of trouble.
WASDE Raises Beef Production Forecast, Lowers Pork & Poultry
USDA’s World Agricultural Supply & Demand Estimates released Tuesday project an overall decline in 2021 red meat and poultry production despite a higher beef production forecast.
Bullish Wheat Outlook and Rain in the Plains May Be Winning Over Wheat Acres
Recent moisture in the Plains combined with quota talk in Russia is helping continue the bullish outlook for wheat. DuWayne Bosse of Bolt Marketing thinks both winter and spring wheat acres are set to rise.
It will take significant nitrogen bookings at higher prices or excess natural gas supplies to relight fires at fertilizer plants – and neither seems likely until summer 2022.
Ben Brown and Scott Brown, ag economists from the University of Missouri, and Joe Outlaw, ag economist with Texas A&M University, talk markets this weekend on U.S. Farm Report.
