According to projections from the annual USDA Agriculture Outlook Forum, soybeans are expected to see an increase in planting and supply, which will contribute to a significant drop in price per bushel during 2013. The USDA Grain and Oilseeds Outlook, which provides the USDA’s projections of 2013/2014 supply and demand for wheat, corn, rice, and soybeans, projects that increased planting and price drops could result in a high net return of soybean crops.
The report states that predictions for high net returns are based on expectations for strong new-crop futures and cash forward prices. Soybean planting area is projected at 77.5 million acres, up .3 million from last year, but a number of other factors are expected to contribute to an increase in 2013 soybean planting, including:
· Opportunity for double-cropping with winter wheat acres
· Declined cotton planting in the Mississippi Delta region
· Reduction in Conservation Reserve Program acres in the Midwest
MachineFinder was created by John Deere in 1998. Since then we have served millions of visitors, tens of thousands of pieces of equipment and integrated with our entire dealer network.
MachineFinder, John Deere and the associated trademarks are property and available only for the specific use of Deere & Company. All Rights Reserved. 2007-2008