After the dizzying heights of $1.21 per pound in 2021, the Cotton Belt could see 12 million acres in 2022, and possibly more, contingent on a mercurial La Niña.
USDA currently pegs soybean plantings at 87.5 million acres. Market analysts offer projections both above and below that number and explain their rationale, which includes the South America crop and weather forecasts.
From increased input prices, to a dimmer outlook on corn export demand, analysts say there are a multitude of factors driving the outlook into the new year. Analysts weigh in on their price picture projections for 2022.
One of the world’s largest supply chains is opening a case-ready beef plant and establishing its own angus supply chain.
CoBank recently released a report about the plant.