Soybeans and Oil Crops, August 2019

New USDA survey data revised downward the estimate of sown soybean area for 2019/20 from the June Acreage report by 3.3 million acres to 76.7 million. Since the U.S. average soybean yield is unchanged at 48.5 bushels per acre, lower acreage is entirely responsible for reducing 2019/20 expected production this month by 165 million bushels to 3.68 billion. USDA’s forecast of U.S. soybean exports for 2019/20 is lowered by 100 million bushels this month to 1.775 billion. Overall, the outlook for season-ending stocks is trimmed by 40 million bushels to 755 million.

 

See the August Soybeans & Oil Crops Outlook report and previous reports.

 

 

Video: This Grain Bin Was SUPPOSED to Pay for Itself… Did It?

Did this grain bin actually make money… or did it just feel like it did?

I break down the real cost, payback, and financial performance of a grain bin using actual 2025 corn prices, real payments, and real math. We walk through when the bin paid, when it didn’t, and why timing matters when storing grain.

This isn’t theory — this is a full-year look at cost of ownership, cost of carry, harvest pricing, and test weight, all laid out on the whiteboard so you can run the numbers for your own farm.