Per acre, soybean fertiliser costs are between 20%-25% those of corn, with the USDA anticipating an average input cost of just $54/acre for soy in 2023, while corn is expected to cost $211/acre. From an input perspective, and as the price of fertiliser has fallen, the incentive for US farmers to favour soybeans has continued to weaken, allowing greater confidence in the outlook for corn.
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Graintab is a trading name of CRM Commodities Ltd (CRM Agri) which delivers independent agricultural commodity market research and advisory services. [www.crmagri.co.uk]
Graintab is a trading name of CRM Commodities Ltd (CRM Agri) which delivers independent agricultural commodity market research and advisory services. [www.crmagri.co.uk]
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Recent post
- Review of CRM Agri’s forecasts for 2024
In December 2023, we published our 2024 outlook and forecasts. As another year draws to a close, its time to take a look at those forecasts and how accurate they were. - Weekly Oilseed Outlook
Highlights: • Rapeseed - Demand downgrade weakens case for price support • Soybeans - Brazil’s harvest and Donald Trump weigh on prices • Crop Watch - Argentine and Brazilian crop condition
