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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

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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

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