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Corn and Soybean Futures Drop

U.S. Losing Ground as Biggest Producer of Corn and Soybeans

By , Farms.com

Soybeans fell to its lowest numbers since June, primarily based on speculation that improving crops in South America will slow the demand for supplies for the U.S. Similarly, U.S. corn will be marking its longest weekly slump since Sept 2011.

It’s expected that upwards of 3 inches of rain will fall over the next week, which will likely produce favorable conditions for both corn and soybeans in Brazil. In general, South America weather is looking favorable, especially for the bigger crops. This may signal a shift from U.S. being the biggest supplier of corn and soybeans to farmers oversees who are producing more.

Soybean futures for March delivery dropped 1.4 percent to $13.6675 a bushel. Corn futures for March delivery fell 0.3 percent to $6.8725 a bushel.


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We are a family farm in Ontario showing you what we do on our farm to produce eggs and what goes on day to day. Every day we do chores, gather eggs and make feed. On our farm we plant the crops and harvest them to feed the chickens, also we start our laying hens from day old chicks and raise them to be the best birds they can be to give you a grade A quality egg. After we are finished looking after our chickens, anything could happen from washing, waxing, fixing, welding, working on engines, working on classic cars, and more. I hope everyone enjoys cheers.
 

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