Southern Soybeans Rotting in the Field

October 26, 2018 09:44 AM

Harvest continues and this year has been a tough one for soybean farmers in Louisiana. Trade conflicts, storage problems and bad weather have led to lower prices and damaged beans across the state.  

USDA's latest crop progress report put last week's soybean harvest at 91 percent complete. That's four points off the five-year average. But, only half of the crop is considered good to excellent. 

A once-promising soybean crop for Louisiana farmers is now rotting in fields. That's particularly the case in the central and southwest portions of the state. 

Louisiana farmer Ross Thibodeaux estimates he will not be able to harvest or sell nearly 40 percent of his bean crop because of rain damage.  He expects to be docked on the quality of the beans he was able to cut.

"Of that 60 percent [that's left], probably the average damage is 15 percent and so we're going to take a hit on those too," says Thibodeaux. 

Approximately 60-percent of the Louisiana soybean crop is supposed to go to China but, the ongoing trade conflict with that country is depressing bean prices. According to experts at Louisiana State University, the break-even cost per bushel of soybeans in Louisiana ranges from $7.27 to $9.29. 

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Spell Check

Manila, AR
10/29/2018 09:28 AM

  kerr lee, I guess you are blessed to live in a place where this story isn't relevant but the 200k acres here in this part of Arkansas it is. The elevators have gone to rejecting anything over 10% damaged and that carries a $2.15 dock. No beans allowed over 14% moisture either. this is all at major river elevators not a local ones. Nothing political here just the way it is. Discount charts are changing weekly and some cases more often than that. I don't mean easing up either.

Gravity, IA
10/29/2018 06:50 AM

  It’s a far more widespread issue than just Louisiana. Rotten beans from the south to the north, half of my crop in Iowa was 15-30% damaged, and I’d say on average 10bu of it was popped out at least. I’m curious why it hasn’t been reported more yet

kerr lee
Scottsboro, AL
10/29/2018 09:09 AM

  Kile, There's so much speculation on the internet. Who knows what is true. Good corn and bean crop in this part of the South. I don't know where reporters for stories like this get their info. Nobody seems to do journalism any more. It's all opinions from a melange of anecdotes or sales pitches from advertisers or politicians. They have become prevalent with the times so I call them Trump-facts. They take more time to debunk than they're worth. All I can say is the 60's mantra, "Question authority." Good luck


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