Teach a boy to farm and he feeds others for a lifetime. When 12-year-old Evan Kirkpatrick worked his first five acres of soybeans in 2017, harvest represented a big link in a chain connecting past and present.
As farmers look for ways to improve their profitability in 2018, one of the areas many are evaluating is their crop mix.
After the USDA released its January crop production and World Agriculture Supply and Demand Estimate (WASDE) reports on Friday, the market had a mostly muted response.
After a fairly neutral January USDA report, the market is still digesting the updated numbers released. Soybeans, however, did see a key reversal, but the real shocker was the increase in wheat acres, says Jerry Gulke, president of the Gulke Group.
Jerry Gulke, president of the Gulke Group, says the Jan. 12 USDA report surprised the market with a few unexpected changes.
Before you shift acres in 2018, first consider potential market implications
Due to the holiday season, export sales were delayed and the significant number of cancellations were concerning, says Jamie Wasemiller of the Gulke Group.
In the last 10 years or so, global soybean demand has skyrocketed.