less corn

Less Corn Acreage More Soybeans Predicted for 2018

Dan Corn, Industry News Release, Soybeans

less corn2018 should see less corn acreage worldwide—that according to U.S. market analyst Mike Zuzolo of Global Commodity Analytics.

Acreage

less cornFewer corn plantings and more soybean plantings seem likely to pressure soybean market prices lower. That, as the U.S. Department of Agriculture predicts record soybean acres in 2018 in the United States. Meanwhile, Zuzolo says soybean demand, which has been increasing, should slow throughout the year.

Demand

He says world events could also change trade and market outcomes for 2018, but remains optimistic.

Optimism

The December World Agricultural Supply and Demand report by USDA predicted a seasonal price range for corn between $2.85 to $3.55 per bushel, and a price range for soybeans between $8.60 to $10.00 per bushel.

From the National Association of Farm Broadcasting News Service.