Soybean question

john in la · May 20, 2019

Unlike sugar where you have a yearly quota to fill it
is my understanding that corn and soybeans are a
grow what you want crop.

So with all the stink over soybeans this year why
would anyone plant them this year knowing going in
they will be a no profit crop.

flying belgian · May 20, 2019

I ask myself that every year. I do sway from the traditional a little bit by planting a few acres of spring wheat. I have developed a very good market for the straw.

4520BW · May 20, 2019

If it does not stop raining there will be a lot of beans planted in my area.

stonerock · May 20, 2019

no profit in $3.50 corn eather,easer to put beans out and less crop to haul at harvest time

john in la · May 20, 2019

No profit or just not as big a profit as you would like??

coshoo · May 20, 2019

Everyone's saying the market for beans will plummet because of the tariffs- China will buy from Brazil instead. But query- there won't be more beans in the world, and Brazil was selling theirs to somebody before- why can't we just sell to whoever that was?

rustyfarmall · May 20, 2019

(quoted from post at 06:27:56 05/20/19) Everyone's saying the market for beans will plummet because of the tariffs- China will buy from Brazil instead. But query- there won't be more beans in the world, and Brazil was selling theirs to somebody before- why can't we just sell to whoever that was?

Exactly!!

tomstractorsandtoys · May 20, 2019

A cropping system works better with a rotation. Crops yeild better and weed and pest issues are easier to deal with in a crop rotation. The price maybe different at harvest than today. For us we plant rye to be harvested for seed after the soybean harvest as waiting untill after corn harvest is almost to late to plant rye. Tom

crooked rows · May 20, 2019

Because nnalert said he is going to make up the difference and it will be the best price we've ever got........lol...

john in la · May 20, 2019

So it is cheaper to lose money on beans then to buy extra fertilizer for corn.

I am not trying to be a hard a$$ but just can?t understand this logic.

gene bender · May 20, 2019

with no-till rotation thy work well with corn. There is money to be made raising soybeans some just want to get rich over nite. Farmers always cry if they don't make a huge profit.

DeltaRed · May 20, 2019

I'm still going to plant a few beans. Keeps my rotation inline. And I have a few nongmo customers to keep happy.

john in la · May 20, 2019

Gene that is something I can understand.

Even with the tariff there is still a profit to be made just not the profit you would like.

Thanks

SETX · May 20, 2019

The margin on beans is small but we would always rotate one year rice, one beans. Now with Clear Field rice we can go two years between rotation.
But...........Cargil was the last broker/buyer in our area (SE Texas) that would take soybeans. This year they wont take any leaving you the option of hauling them 200 miles to a dryer that will take them.

Looks like until soybeans settle out in the world market its rice and milo.

Red

john in la · May 20, 2019

DeltaRed I feel that is the future of the family farm.
Find a nitch to make a decent profit or get out Because playing with the big boys is out of the question for most.

Reminds me of the family hardware store of the past when the big orange box store came to town so much.

john in la · May 20, 2019

Red

Will it take the corn belt guys to have no place to sell to have them switch to a profitable crop.

Traditional Farmer · May 20, 2019

And these same people think Hemp and meat goats are stupid ideas that may become unprofitable in 10 years(LOL)

Erik Ks farmer · May 20, 2019

Like any business there costs associated with keeping the lights on. What would suggest should be planted in those acres? Most of the Midwest has seen extended wet weather and the window for planting corn had nearly gone. Likewise wheat prices were depressed last fall and wet weather prevented myself and many others from planting our intended wheat acres.

sourgum · May 20, 2019

Beans disrupt insect cycles in a rotation so there is less insect problems when the two crops are alternated. Beans also have with lower input costs than corn. There are market buyers for corn this spring here (IN) who were paying premiums over cash market for non-gmo corn so we switched some planned bean acres over to non-gmo corn.That premium may not be available everywhere.It's possible traditional corn-soybeans will be very low or no margin crops in 2019. Especially soys, unless Uncle Sam throws a band aid out there.

john in la · May 20, 2019

Erik I think that is the answer I was looking for.

Let me see if I have this straight.

Due to the weather the window has closed on other crops so you are forced to grow beans.
And while you will lose money growing beans it is better to do that than to just sit on your hands and pay all fixed cost out of pocket.

So you grow beans this year and hope you are dealt a better hand next year.

While I hope that works out for you look for a post by me in the next few days about measuring rainfall to understand why I think you may be barking at the wrong tree.

centash · May 20, 2019

What would bean prices do if trading countries got along and there were no tariffs? What would happen to bean prices if a new use for them was discovered and the demand for beans increased? What would happen to bean prices if most other bean growing areas suffered a crop loss but yours were fine? There is always a chance, perhaps slim, that prices for beans may rally....that's why sometimes farmers are referred to as eternal optimists.
Ben

tomstractorsandtoys · May 20, 2019

Unless you are paying big rent you will not loose any money on soybeans. I do have neighbors paying over $300 per acre rent and I have no idea how they make any money. Even at $7.00 beans with normal yeilds I will still make some money and with the added yeild bump to next years corn and cheaper seed corn the next year (because we do not need a triple stack seed like you do with corn on corn)it still works. Tom

Ray · May 20, 2019

Our beans made 90 bushel last year. At 7 bucks that?s 630 bucks per acre.Better investment than corn.

Erik Ks farmer · May 20, 2019

I?ve planted my intended corn acres before the wet weather began. However there is a good possibility in the next ten days that some of those acres will be flooded. Thousands of acres in my neighborhood that were planted to corn will need to be replanted. I?m still waiting on the solution to this problem. We?re businessmen with hundreds of thousands of dollars on the line, there simply is not another crop that is a feasible option to feed our families, appease landowners and service our lenders.

Elton Fancher · May 20, 2019

Someone said below they made 90 bushel / acre. Here in central Ky that would be big. 50 to 60, and sometimes 40 seems to be the norm. Land rent down to 150. More and more land moving out of the federal weed program, crep or whatever. I don't know what the nationwide numbers would be for those acres, but all of it here going back into grain. I am sure there will be a growing worldwide demand for beans as long as the price keeps falling.

Soybean question

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