 Home > Food News > Food Articles > Outlook for 2022: The break-even point of U.S. corn and soybeans will be close to record highs

Outlook for 2022: The break-even point of U.S. corn and soybeans will be close to record highs

 Last Update: 2022-01-07
 Source: Internet
 Author: User

Tags

fertilizer chemical

platinum market price

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Foreign media news on December 29: An American agronomist said that in 2022, a disadvantage for American farmers is that the break-even point of both corn and soybeans will be close to the highest level in history, which means that crop prices will only be Going high can avoid losses
.
The culprit that caused the break-even point to approach the highest point in history is fertilizer, and next year's production costs will be twice as high as this year
.

Gary Schnittky, a professor in the Department of Agricultural Economics at the University of Illinois at Urbana-Champaign, stated that his research shows that the break-even point of U.
S.
corn in 2022 is expected to be US$4.
73 per bush, and the break-even point of soybeans is expected to be US$11.
06 per bush, both The highest level since 2012
.

The rise in production costs is mainly led by the rise in chemical fertilizers, and all other production costs are also rising.
This can be attributed to inflation and the disruption of the supply chain caused by the new crown epidemic
.

Schnittky said that considering the violent fluctuations in the agricultural product market, by next year's crop growing season, prices may not be able to match the high production costs
.
At present, the price for delivery in the fall of next year is higher than the break-even point, so he suggested that farmers should increase pre-sales now instead of adopting a wait-and-see attitude
.

At present, the US Department of Agriculture estimates that the price of corn next year will be US$4/bus, and the price of soybeans will be US$10/bus, but it is unlikely that the cost will be adjusted downwards, which also brings more risks to farmers
.

U.
S.
corn soybean prices

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

Casein phosphopeptide for sale

CAS No.: 691364-49-5

Pharmaceutical grade

$600-700/MT FOB

PNQ factory supply Anti-aging Mitoquinol mesylate

CAS No.: 845959-50-4

Chemical Grade

$100-130/UNIT FOB

OX Bile High quality 98% White Powder cas 75302-04-4 bulk Evergreen EGC-OX Bile Powder

CAS No.: 75302-04-4

Pharmacy Grade

$100-120/G FOB

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

announcements today(81)

80 20 company(94)

united states logo(227)

single use technology(195)

healthy food name(42)

ups united states(221)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.