Why Record Soybean Acres in 2018 Matter on Your Farm
USDA's Office of the Chief Economist is forecasting soybeans to reach a record of 91 million acres in 2018—equal to that of their rotation partner, corn at 91 million acres. Before switching acres to soybeans consider market implications. "The past few years the market has been essentially asking for soybeans," says Matt Bennett, farmer and owner of Bennett Consulting in Illinois. "The price ratio for beans to corn has been robust. For fall prices we're looking at 2.75:1 which definitely suggests...