The editors at AgWeb.com are looking at experts’ projections for a variety of commodities in 2019 to help you succeed and be profitable in the coming year. Here’s a look at what analysts are expecting for the upcoming growing season.
As producers sit to put pencil to planting intentions for 2019, many are wondering where to pencil in corn prices. One analyst describes the corn market as torn, meaning it could either go much higher, or it could find even more pressure than it’s experiencing now.
The next growing season hinges on the corn balance sheet. According to USDA’s November World Agriculture Supply and Demand Estimates report … Read more.
Once-reliable soybeans now bring nothing but unanswered questions. What will tariffs and trade agreements mean for export opportunities? How will prices respond with or without successful trade policy? Finally, does political uncertainly make the legume too risky to plant in 2019?
The October Ag Barometer, produced by Purdue University and CME Group, indicates farmers are confident that soybeans will have better prices in 2019—which means they’re confident a trade deal will be reached. Of the 400 farmers surveyed, 39% expected higher soybean prices a year from now and 49% said prices would be at least as high as they are now.
The November and December Ag Barometer surveys show farmers are maintaining their optimism while upholding reasonable concerns regarding the geopolitical environment … Read more.
For the 2017/18 growing season, U.S. wheat acres dipped to a 100-year low. But that’s likely to change for next year. An improving profit picture and production advantages will likely make wheat an attractive option versus soybeans.
“Before the wet fall in the Southern Plains, I was anticipating a 5% to 10% increase in wheat acres for 2019,” says Arlan Suderman, chief commodities economist for INTL FCStone. “Now I think we’ll end up with a 2.5% increase in overall wheat acres.”
This drop in acres is two-pronged … Read more.
Sorghum sits quiet in the background while trade negotiations with China continue. Prices and overall acres are projected to hold relatively steady, despite tariffs and additional challenges.
“I don’t expect a big shift in acres,” says Brad Cowan, Texas A&M University Extension county agent. “We need that crop in our rotation with the other crops we grow. We’ve had challenges the past several years with sugarcane aphid—added cost producers need to consider.”
It’s been a wet fall in many sorghum-producing states, which replenishes deep soil moisture and prevents farmers from planting wheat. Both factors could encourage sorghum acres … Read more.
Expectations are that the 2019 cotton crop is going to be big--just as big as the one in 2018 and maybe bigger.
Farmers are likely to seed 14 million acres of the crop across the Cotton Belt areas of Texas, the South and Southeast, according to John Robinson, Professor and Extension Economist-Cotton Marketing with Texas A&M AgriLife.
“We have a really good chance of having a 21-million-bale crop,” Robinson predicts … Read more.
More stories from the 2019 Outlook series:
Bull-Bear Outlook 2019: Headwinds Ahead For Grain Marketing Plans
Bull-Bear Outlook 2019: A New Reality For Grain Markets
More stories on the China trade deal:
BREAKING NEWS UPDATE: China Soybeans Buy One for the Record Books
U.S. and China Trade Talks Push Forward Next Steps
Tariffs Shape Cropping Decisions
Despite More Positive Trade Outlook, Soybean Exports Might Struggle