Unit conversion for Soybeans Price Today
| Conversion | Soybeans Price | Price |
|---|---|---|
| 1 Bushel ≈ 0,035 m³ | Soybeans Price Per 1 m³ | 482.99 USD |
| 1 Bushel ≈ 35,239 Liter | Soybeans Price Per 1 Liter | 0.48 USD |
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Page Contents
How many bushels of soybeans can you get per acre?
With record high yields in 21 states, the average soybean yield is estimated at 51.4 bushels per acre, 0.4 bushel above 2020 and the second highest on record.
How high will soybeans go in 2021?
Soybean planted acreage is projected to increase from 87.2 million acres in 2021/22 to 88.0 million acres in 2023/24 through the remainder of the projection period while yield is forecast to trend upward from 51.5 bushels per acre in 2021/22 to 56 bushels per acre in 2031/32, averaging a half-bushel yield increase per
How much money can you make off an acre of soybeans?
Profitability prospects for 2021
Net returns per acre to herbicide-tolerant soybean production would range from $42 to $78 per acre, depending on target yield and tillage practice.
How much does it cost to grow an acre of soybeans?
Like corn, soybean costs are projected at record highs in 2022. Total costs are projected at $785 per acre, with $476 per acre in non-land costs and $309 per acre in cash rent. The 2022 projected costs exceed 2021 cost of $652 per acre by $124 per acre.
What pays more corn or soybeans?
Gary Schnitkey tells Brownfield strong corn prices still outweigh high fertilizer costs giving corn a $108 to $227 dollar per acre return advantage over soybeans when planted between April 1st and June 10th.
Are soybeans more profitable than corn?
Corn is projected to be more profitable than soybeans, as has been the case in our three revisions of 2022 Crop Budgets (see farmdoc daily, April 12, 2022). The switch to soybeans from corn signaled in the Planting Intentions Report released on March 31 caused prices to swing even more in favor of corn.
How much is 10 acres of soybeans worth?
Soybeans in 2019
Soybean crop revenue in 2019 includes $10 per acre for ARC/PLC and $82 per acre for MFP payments, the same as for corn.
How many acres will a bag of soybeans plant? The Seed Market
| Crop | Price per bag | Number of acres each bag will plant |
|---|---|---|
| Corn | $89.90 | 3 |
| Soybeans | $15.49 | 1 |
| Wheat | $11.25 | 2/3 |
What is the highest price soybeans have ever been?
Historically, Soybeans reached an all time high of 1794.75 in September of 2012. Soybeans – data, forecasts, historical chart – was last updated on June of 2022.
What is the break even price for soybeans?
The break-even price to cover total costs less other revenue for soybean in 2022 is projected at $11.06 per bushel (see Figure 4). The average break-even from 2012 to 2021 was $8.92 per bushels, $2.13 per bushel below the projected 2021 level.
What was the average price of soybeans in 2021?
As a result, the 2022/23 U.S. soybean crush forecast is raised 1.8 percent from the 2021/22 projection to 2,255 million bushels. The season-average soybean price forecast is $14.40 per bushel, up from $13.25 in 2021/22. Soybean meal prices are forecast at $400 per short ton and soybean oil at $0.70 per pound.
Will soybean prices go up in 2022?
Corn and soybean prices for 2022 fall delivery are at high levels. During the first two weeks in May, fall delivery bids in central Illinois averaged $7.39 per bushel for corn and $14.52 for soybeans. Significant changes in prices going into fall are possible.
When should I plant soybeans for deer?
Soybeans should be planted just after the last frost, when the soil temperature is over 60 degrees, usually April in the South and as late as June in the North.
Do farmers make enough money? According to salary data for farmers, ranchers and other agricultural managers from May 2016, the average salary is $75,790 a year. In contrast, they make a median salary of $66,360, with half getting lower salaries and half being paid more.
How much does a farmer make off an acre of corn? The last time corn returns exceeded $466 per acre was in 2021, when returns were $630 per acre. From 2013 to 2019, corn returns averaged $253 per acre, well below the 2019 projected return. The 2019 projected return is $89 per acre above the average 2013-2019 average return.
How much is an acre of soybeans worth?
Farmer returns in 2021 are projected to be $378 per acre for corn and $305 per acre for soybeans. These returns are at record levels and will result in very high incomes in 2021. Farmer returns for 2022 are projected at $61 per acre for corn and $67 per acre for soybeans, down considerably from 2021 levels.
What is today’s soybean price?
Soybean Futures Market News and Commentary
The new LoC high for July soybeans is $17.44 1/4.
How much does a farmer make per acre of soybeans?
Net returns per acre to herbicide-tolerant soybean production would range from $42 to $78 per acre, depending on target yield and tillage practice. Corn production would not be profitable in a continuous corn scenario if the price per bushel is $3.65.
What are the 4 cash crops?
Well-known cash crops include coffee, tea, cocoa, cotton, and sugarcane.
What’s the most profitable crop to grow?
Top 13 Most Profitable Crops To Grow
- Considerations for Small Farms.
- 1) Mushrooms.
- 2) Microgreens.
- 3) Ginseng.
- 4) Lavender.
- 5) Saffron.
- 6) Goji Berries.
- 7) Wasabi.
How much money does a farmer make per acre of soybeans?
Net returns per acre to herbicide-tolerant soybean production would range from $42 to $78 per acre, depending on target yield and tillage practice. Corn production would not be profitable in a continuous corn scenario if the price per bushel is $3.65.
When should I sell my soybeans?
Selling new crop soybeans 10 months before the crop is harvested is typically not the best marketing strategy. But with risks of volatility mounting across many markets, growers may want to consider locking in some protection.
Which country exports the most soybeans? Soybeans are the world’s 42nd most traded product. In 2020, the top exporters of Soybeans were Brazil ($28.6B), United States ($25.6B), Argentina ($2.31B), Paraguay ($2.15B), and Canada ($1.95B).
