I farmed for 51 years where I made the decision as to what to plant before my son took over last year. I grew some corn every year or tried to and many years I was 100% corn. Other crops grown were alfalfa, oats and soybeans. As a livestock feeder I grew a lot of corn on corn and as few soybeans as I could, primarily as a rotation crop to control rootworm. I have always gotten better corn yields than soybean yields. Never much liked walking beans although that is not done anymore. We are now planting soybeans in April to better the soybean yield. My best soybeans, highest yield most profitable soybeans followed multi-year corn. Thus, it always felt to me that I had to grow a lot off corn to produce profitable soybeans. USDA says that we will grow 15.995 bln bushels of corn this year worth $4.40 bushel or over $70bln. More when the corn cut for silage is added. USDA looks for farmers to grow 4.435bln bushels of soybeans worth $11.40 per bushel or a little over $50bln. As a general statement corn has been a profitable crop for us while soybeans not so much….
Register
Futures trading involves risk. The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not indicative of future results.
Trading advice is based on information taken from trades and statistical services and other sources that CommStock Investments believes to be reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice.
There is no guarantee that the advice we give will result in profitable trades.
The views and opinions expressed in this newsletter are those of the author and do not reflect those of R.J. O'Brien & Associates LLC. This report may contain political opinions as well as market opinions and commentary. Any content provided by Commstock Investments or authors are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything.
207 Main St · PO Box 229 · Royal, IA 51357