Trends in Global Soybean Production

by David A. Widmar

As 2017 got underway, the question on everyone mind was if U.S. soybean acres would exceed corn acres. While this didn’t happen, the stage was set by more favorable prices and budget returns for soybeans. Given soybeans more favorable position for U.S. producers in recent years, we step back to review the global soybean production trends. This post builds off earlier work that considered corn (here and here) and beef trends (here). More specifically, this week’s post considered changes in global soybean production, the source of those increases, and the major players. Continue reading

A Look at Harvested Acres

 by David Widmar

A few weeks ago, we looked at prevented planting acres and its potential impacts on production. This got us to wondering about harvested acres. Each year, a portion of each crop planted is left unharvested, reducing total production. This week’s post takes a look at the share of planted acres that are harvested for corn, soybeans, and wheat. Continue reading

Will Prevented Planting Acres Spring a Surprise?

by David Widmar

There has been a lot of talk about Spring planting progress and yield concerns in light of cool, wet May weather. Further speculation about the 2017 crop has been fueled by media reports of higher than normal replant acres. While there is little doubt the weather has resulted in reduced yield potential for some, it’s likely too early to understand what the overall, national impacts might be. While yields are important, an often overlooked weather impact is prevented plantings; acres that were intended for planting but never happened. This week’s post take a look at historic prevented planting acres and considers the impact of a swing in these acres. Continue reading