While corn saw a big boost in this month’s WASDE report, soybeans are looking at the lowest acres in several years.
Market analyst Brian Hoops explains why.
“On the flip side, because we planted more corn acres, you had less soybean acres planted; the smallest soybean acres since 2019. Even though you had a new record yield for soybeans, the smaller harvested acres took away over 150 million bushels of supply, a pretty sizable amount, and we pushed sharply higher. Now the question is, where do we go from here?”
A social media post this week by President Trump sent waves through the soybean market. He urged China to return to the buying table, but it is a move many analysts feel is unlikely to happen.
Related Stories
Justin Wilson’s Crawfish Etouffee is a classic Cajun dish, featuring tender crawfish soaked in a rich, flavorful, and spicy gravy served over rice. Try this Crawfish Étouffée recipe tonight!
An economist says U.S. ag exports could fall next year due to several factors.
It’s nothing new—inflation is crazy right now, and the grocery store is one of the major places our pocketbooks are getting hit the hardest. Here are a few ways to save on cooking oil.
Meet agronomist and Soybean FarmHER Jenny Mennenga of LeRoy, Illinois. Jenny also grew up on a small farm in Iowa!
