The USDA presented its first guess on planted acreage for 2017; and, as expected, corn acres are forecast to be down and soybean acres up. On Thursday, USDA pegged corn acreage at 90 million acres, down from the 94 million acres planted last year. The USDA pegged soybean acreage this season at 88 million acres, which would be 4 million acres more than last year. The average corn price per bushel is estimated to be $3.50 for 2017, while the Soybean average price was penciled in at $9.60 per bushel. This means there are going to be a lot of soybean after soybean fields planted this year.
Trevor Perkins, agronomist with Stewart Seeds, says going continuous soybeans can pose some challenges, “While this can certainly provide some economic benefit, there are some diseases you will have to manage. When selecting a seed variety, tolerance for SDS and Phytophthora will be very important.” He added that scouting for frog eye leaf spot will also be a consideration.
Seed companies have been reporting all winter that soybean seed orders have been up. Perkins says Stewart has a good soybean variety lineup for 2017, “We have some very strong Roundup Xtend that have good yields as well as a good agronomic package.” During a grower meeting in Shelby County on Thursday, Perkins presented an update on the Roundup Ready to Xtend system and the weed control benefits it provides, especially on hard to control weeds. According to Perkins, the Roundup Ready to Xtend system provides a 5.4 bu per acre average advantage vs. Liberty Link in Herbicide System Trials.