Will Soybeans Have Higher Returns than Corn in 2016? | AgroNews
Will Soybeans Have Higher Returns than Corn in 2016? | AgroNews
By – Jessie Scott
‘There is a reasonable chance that soybeans will be more profitable than corn in 2016,’ says Gary Schnitkey, economist at University of Illinois. ‘Larger increases in corn costs as compared to soybean costs make it more difficult for corn returns to exceed soybean returns, particularly at low corn and soybean prices.’
Increasing corn costs
In 2000, it took $66 more per acre to…
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