Corn vs soybean profitability

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WebApr 10, 2024 · March was a wet month across much of Illinois. Statewide precipitation averaged 4.48 inches, 1.27 inches above normal. The wet trend continued throughout the first week of April, especially in northern Illinois: more than 1.5 inches of rain fell in some places. NASS reported 1.7 and 2.5 days suitable for fieldwork for the weeks ending April … WebOct 19, 2024 · Corn profitability relative to soybean profitability is impacted by the difference between corn and soybean costs, with larger differences favoring soybeans. Corn-minus-soybean costs are projected at $264 per acre in 2024 (264 = $677 corn non-land costs – $412 soybean non-land costs), the largest difference since 2000. ...

China Soybean Imports "Highest on Record For the Quarter," as …

WebApr 7, 2024 · Soybean crush gross margin vs. soybean futures You must be logged in to view this content. Login. Last updated: April 10, 2024 Source: DTN, USDA. ... Flat vs. toll price, corn syrup You must be logged in to view this content. Login *Estimate Last updated: January 25, 2024 Source: McKeany-Flavell. WebNov 2, 2024 · Average retail ammonia prices are up around 60% since USDA published its first estimate of 2024 production costs in June, with most updated offers running $1,200 to $1,300 or more. That’s taken the average cost for growing corn to $717 an acre, or around $4.03 a bushel for 178-bush-per-acre yields. Soybean costs per acre by contrast are ... jenkins place farnborough

FAS: China Becomes World’s Largest Wheat Importer; Argentina Corn …

WebApr 12, 2024 · In contrast, seasonally produced crops (e.g., corn and soybeans) have much lower beginning stocks, which fluctuate between roughly 5 and 15 percent of production (e.g., farmdoc daily, February 13, 2024). The high level of stocks is logical in a continuously-produced fuels system in order to smooth out variations in demand over … WebApr 14, 2024 · Reuters writers Qin Ningwei and Dominique Patton reported yesterday that, “China’s soybean imports in March rose 7.9% from the same month a year earlier, data showed on Thursday, as buyers in China stocked up ahead of expected strong demand. “Total imports for the month came to 6.85 million tonnes, according to the General … WebDec 23, 2024 · Yield drag on corn-on-corn acres is typically less than 1% with proper management, but as much as 5% in drier areas. Yield drag on soybeans-on-soybeans … jenkins pipeline workspace directory

The Economics of Corn and Soybean Harvest Moisture

Early-Season Soybean Management in 2024 - farmdoc

WebSee what’s new in Agricultural options including trends, historical records, and trading activity across Chicago Wheat, Corn, Soybean Oil, and more. March 2024 Agricultural Options Review Markets Home WebSep 19, 2024 · The production of 100 bushels/acre of corn sold at a $4.00 market price provides a total revenue per acre of $400.00. The same calculation for soybeans could be made depending on its yield and value at the time it is sold. TC is more complex and can be further divided into two main components. jenkins pit road spanish fort alWebDec 10, 2024 · By leveraging this free, simple-to-use digital tool, powered by Granular’s algorithms and data from local universities, farmers can get 2024 profitability estimates within minutes. “This is a $40- to $150-per-acre decision for farmers. Giving as much support as we can digitally is a huge way to impact growers and help them make … jenkins pipeline windows example

"WebJan 18, 2024 · “A high-yielding soybean crop can remove as much as 84 pounds of potassium on a per acre basis. Compare that to a high-yielding corn crop, which … " - Corn vs soybean profitability

Corn vs soybean profitability

Corn still looks good for 2024 - Farm Progress

WebSep 19, 2024 · Thus, the elevator would receive 58 pounds of soybeans, 2 pounds less than if delivered at 13.0% moisture. Assuming a cash price of $10.00, the farmer would … WebAug 2, 2024 · The first release of the 2024 Illinois Crop Budgets is available on farmdoc.Costs are projected to increase in 2024 from 2024 levels. At projected cost levels, per bushel prices of $5.30 for corn and $12.75 for soybeans result in marginal profitability, similar to levels experienced from 2014 to 2024.

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Web1 day ago · This report is the first indication of whether planted acres will go to corn versus soybeans in the Midwest. View reports Issued 4 times per year by the National … WebThe eight-year average is 14 percent less (Table 1). Crop rotation is an important tool for us to maximize yield and profitability. Planting corn after corn usually results in reduced yield, which results from a less than ideal …

WebFeb 17, 2024 · Corn and wheat higher trading weather and the WASDE, soybeans set back unable to get above $15. Cattle make new highs on record cash trade. DuWayne Bosse … WebRemember the corn and soybean rotation as a system and not as two separate crops. Consider risk, especially when we have such small profit margins with our crops. By …

WebDec 23, 2024 · Break-even prices to cover total costs for 2024 are projected at $4.73 per bushel for corn and $11.06 per bushel for soybeans. Compared to historical levels, … WebJan 27, 2024 · “Cost of production estimates, per bushel, for herbicide-tolerant soybeans are $8.89, $8.72 and $8.57 assuming 50, 56, and 62 bushels per acre, respectively. The …

WebJan 19, 2024 · Soybeans are on a market rally but rotating to corn might still be optimal for your farm. Draw on your own data, records, and experiences to make the tool as …

Web1 day ago · This report is the first indication of whether planted acres will go to corn versus soybeans in the Midwest. View reports Issued 4 times per year by the National Agricultural Statistics Service (NASS), the Grain Stocks Reports offer updates on stocks of soybeans and other major grain & oilseed crops by state and by position (on- or off-farm ... p4 shelfWebDec 10, 2024 · The Corn vs. Soybeans Calculator from Granular has several unique features: It is directly correlated with the millions of acres of continuous cropping data … p4 shelve usageWebAn average soybean yield of 55 bushels per acre results in a rental rate of $228 ($4.15 x 55 bushels = $228) per acre. ISU Extension and Outreach publication FM 1851/AgDM C2-10, Cash Rental Rates for Iowa, shows rental rates per bushel of corn and soybean by county. Remember, use a long-term average yield (both good and bad years) and don’t ... jenkins playground onlineWebSep 22, 2024 · Beef Profitability Model; Biomass Crop Budget Tool – Corn Stover; Biomass Crop Budget Tool – Miscanthus and Switchgrass; Capital Budgeting Analysis; Carbon Calculator; Cash to Accrual Income Approximation; Corn & Soybean Basis Tool; Cost of Feedstuffs Calculator; Dairy Profitability Model; Earned Net Worth Allocation; … p4 simplicity\\u0027sWebOct 18, 2024 · Based on the combined fertilizer and fuel cost increases, cash costs increased $0.58 per bushel (from $2.28/bushel to $2.86/bushel) for the dryland corn budget using a 145-bushel yield and $0.66 per bushel, increasing from $2.16/bushel to $2.82/bushel for the irrigated corn budget with a 245-bushel yield. jenkins pm2 command not foundWebCorn and soybeans, in 2005, occupied 92% of the crop land acres and the division between the two crops was 56% corn versus 44% soybeans. The percentage of acres … jenkins plugin compatibility matrixWebApr 12, 2024 · With respect to soybeans, yesterday’s report stated that, “Argentina soybean production for marketing year 2024/23 is estimated at 27.0 million metric tons, … jenkins please login to access job