Soybean Prices Might See Fall Low

July 15, 2015 12:00 PM
 
Soybean Prices Might See Fall Low

Soybeans might see a fall low for prices this year, whereas corn is a different story, says Sue Martin, Ag & Investment Services.

Power Hour Noon Logo“I think we’re looking at a market that is percolating,” Martin tells Tyne Morgan on the “AgDay” Agribusiness Update segment. “Does the soybean market have its lows in? It might. I still am vulnerable to think that we may have a fall low this year in soybeans, but corn, I think the low is in.”

Some speculate wet conditions and planting struggles in the eastern Corn Belt could hurt soybean yields, though Martin has a somewhat different take.

“I think that we’ll still end up with a soybean yield that’ll be still above the trendline yield, but it’s less acres,” Martin explains. “We still have to realize that comes back to the carryout and what we have left to deal with.”

Weather will continue to be a major factor heading into peak growing season.

“When we start getting the crop condition ratings, more so as we get toward August, all of a sudden it isn’t the acres we’re looking at, it’s the crop that’s actually planted and out there,” Martin says. “All of a sudden, they’ll start rating that crop. I think that’s when we start to hear, well, the crop is doing good, and if you aren’t feeding it with a lot of heat, I think that’s going to end up being a good thing. Now one thing, though: The crop is late in blooming. It’s very late, and so that’s the one concern we do have.”

Click the play button below to watch the complete interview with Martin.

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Comments

 
Spell Check

Joe Anderson
Memphis, TN
7/15/2015 04:25 PM
 

  Both crops will hit market lows this fall. The corn in every state other than IN and OH is in great shape. Similar with beans. Just because you want the price to be high doesn't mean it will.

 
 
joesmith
omaha, NE
7/15/2015 01:02 PM
 

  garbage.

 
 
Floating Farmer
Bloomington, IL
7/15/2015 10:46 PM
 

  I am from Illinois and our corn and bean crop is not great!!! It is not even good!!! Fair at best!!!! We have corn planted in early April that is yellowish green in color and ranges in height from 6 inches to 10 feet due to never ending rains!!!!!!!! Tell me how in the hell is that a great crop!!! We had corn fields that last year yield 250 bu. plus that this year will make maybe 140-160 bu. per acre if we are lucky!!!!!!!!!!!!!! I have neighbors who lost entire fields of corn and beans due to flooding and some who never planted at all!!!!!!! You can have great weather from now to harvest and it won't change the fact that the damage is done !!! The damage is permanent !!! My advice to livestock producers: Buy any grains now because if you listen to the liars from the USDA it will be too late!!!! If you think I am exaggerating about this years crop conditions come to Illinois and see for yourself !!!!!!!!!!!!!!!!

 
 

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