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Community Manager
Jeff_a_Caldwell
Posts: 946
Registered: ‎04-29-2010
0

Soybean prices too low?

It's possible, says University of Illinois economist Darrel Good:

 

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"The 15% decline in soybean prices in less than four weeks raises the question of whether the price decline has been overdone. The price decline appears particularly large when compared to declines of 8% to 10% in livestock and livestock product prices from spring/summer highs," says University of Illinois Extension ag economist Darrel Good. "One might expect that demand concerns would result in larger price declines in the livestock sector than in the crop sector. It may have been that crop prices were pushed too high in August on the basis of crop concerns." 

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So, think beans are too cheap these days? Here's more from Good.

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Jeff Caldwell
Agriculture.com Multimedia Editor
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Frequent Contributor
JohnQ
Posts: 50
Registered: ‎09-16-2010
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Re: Soybean prices too low?

Nope. Over $12.00 now and for next year to boot. $12.00 beans. Say that a few times, then say "too cheap". :smileyhappy:

 

Doesn't compute in my book! JMHO

Veteran Contributor
dennymal
Posts: 97
Registered: ‎05-15-2011
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Re: Soybean prices too low?

Early harvest reports here in NC IOWA have been excellent. 60-70 BPA. It appears applying fungicide has really paid off 7-10 BPA difference.

Veteran Contributor
patriot3031376
Posts: 75
Registered: ‎05-14-2010
0

Re: Soybean prices too low?

Yep..way too low. Healthy correction and much needed. Mine will go in the bin till March or later. End users better be buying today!

Frequent Contributor
JohnQ
Posts: 50
Registered: ‎09-16-2010
0

$12.00 soys?!


dennymal wrote:

Early harvest reports here in NC IOWA have been excellent. 60-70 BPA. It appears applying fungicide has really paid off 7-10 BPA difference.


Same here in ECIL. Not 70's but much better than we thought given the weather. No rain in July and August coupled with intense heat. Result? 50's and 60's on the beans and 175-185 on corn. Fungicide, extra N, etc paying off big time.

 

People around here are just astonished by our yields. Can't believe it myself. Happy camper here!

Advisor
idalivered
Posts: 1,217
Registered: ‎05-13-2010
0

Re: Soybean prices too low?

Maybe not too low.  Harvest is starting and so is the new supply of soys, south america is planting, and many endusers might run on short supplies just to see how SA develops. If SA comes along well our short crop could still be overpriced. Kinda like rolling the dice with mother nature. As stated above, ncia could have a nice crop if these frosted beans ever finish.

Senior Contributor
Mike M2692830
Posts: 212
Registered: ‎05-15-2010
0

Re: Soybean prices too low?

John, maybe this will be the new wave on beans in the future. Like spraying banvel on beans seemed to inspire extra yield, now frost and fungicide..turn a 1.7 into a 2.0 and gain yield...MikeM