$9 Soybeans Coming Down the Pipeline, Prepare for Fluctuations

February 17, 2017 02:39 PM

There’s a lot of uncertainty when it comes to the 2017 acreage mix. After corn hit $4 per bushel earlier this week, there’s also uncertainty of what markets will do. At the National Farm Machinery Show in Louisville, Ky., U.S. Farm Report host Tyne Morgan spoke to a panel of analysts on the future and what could come down the pipeline.

Bill Biedermann, Allendale, Inc.
“If you think beans will go to $12, $13, you’re fine probably being where you’re at. If you think $11, maybe $12 is going to be a stretch, you better be selling because something below $9 is probably in the future.”

Jarod Creed, Gavilon
“We still need to keep an eye on the continued soybean demand from China. It caught plenty of us off guard last year. If we don’t plant more than 86, 87 million acres of soybeans, we’ll have an interesting situation moving forward.”

Chip Nellinger, Blue Reef Agri-Marketing
“There’s going to be big fluctuations. We know the volatility is going to be there. Have a plan and use that volatility to your advantage to position cash sales on rallies, maybe calls on breaks.”

Watch the full marketing roundtable discussion on U.S. Farm Report this weekend. Check your local listings or visit the site.

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Spell Check

Elva Courtney
Dermott, AR
2/18/2017 07:21 AM

  My daughter and I have small family farm that we rent out and we like to keep up with the prices of the farm products and whats best to plant and etc.

Charles C McCullough
Patterson, AR
2/19/2017 07:55 AM

  Work for a local granary in my area just like to up on current ups and down in the Ag market!!!


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