When it comes to commodity prices, the old adage of ‘what goes up, must come down’ seems is usually true, with prices down across the board this year, after several years on the high side. DuPont Pioneer Field Agronomist, Kevin Phillips has been putting some thought into staying profitable when it comes to depressed wheat prices, in particular:
“Commodity prices are up in the air for a lot of different reasons and it seems that now some have been a bit slower to come down. And we might be looking at some good pricing opportunity on some beans and see a full season type going strategy for the coming year. Adopting a different mindset may be the best way to manage those next year.”
Phillips explains that in other areas of the country, high yielding soybeans are planted much earlier:
“We have seen our mid-south partners all top the century mark. They have an early soybean production system. Their beans are in a full reproductive growth by the time we get to our summer solstice around June 20th. They are maximizing their sunlight. Here on the east coast we tend to be on double crop or a full season group 7 planted in May. We are not capitalizing on sunlight like they are.”
With wheat prices being what they are, Phillips says a full-season soybean planted early might assist with profitability:
“I think this coming season growers may want to consider moving up their planting dates and it may give them more yield potential and be a bit more efficient in weathering these commodity prices.”
Phillips says that some heavily managed full-season soybeans in the southeast have topped the century mark on yield:
“In south Georgia we did look at some high intense management beans. We didn’t get the beans planted quite as early as we wanted, but we did see some Pioneer brands top the century mark.”
Phillips has the suggestion to give the idea a try:
“Growers should try a field or two this year, but not the whole farm. They can experiment to see if they can have better yields.”
DuPont Pioneer Field Agronomist for South Carolina and Georgia, Kevin Phillips.
Are you willing to try a full-season soybean versus rotating with winter wheat? Take a look at our poll question on the homepage.