By Don Molino, The Voice of Louisiana Agriculture Radio Network
LSU Extension Service Soybean Specialist Dr. Ronnie Levy reports some early beans have already gone in the ground at a few places around the state. And it looks like 2017 may be the year for a large soybean crop.
“There has been great demand, the prices have remained fairly good compared to what they’ve been in several previous years and not as high as we’ve seen in the last two to three years,” says Levy.
But the expected large crop may put a big demand on prices to come in somewhat lower later in the season.
“It just all depends on what gets planted and how yields in other countries turn out,” said Levy. “We’re probably going to have a big crop so it would be very wise for producers to look at the price and maybe lock in some prices before planting actually gets started in case there is a large number of acres planted that would cause prices to be somewhat lower come harvest time.”
(This report a service of the Louisiana Soybean and Grain Research and Promotion Board)