TB&P: Soybean price drop has impact elsewhere - KAIT Jonesboro, AR - Region 8 News, weather, sports

TB&P: Soybean price drop has impact elsewhere

(Source: KAIT) (Source: KAIT)
(KAIT/TALK BUSINESS & POLITICS) -

The prices for soybeans, corn, and other crops have taken a hit in recent years and the situation may not get better this year, an agricultural economist told Talk Business & Politics this week.

Dr. Robert Stark Jr. said the price of soybeans, which sold for $10.49 per bushel Feb. 10, may face an even lower number this year.

“It’s going to be a difficult year,” Stark said. “From the data we’ve been able to gather, worldwide supplies (of soybeans) are high, and soybean acreage numbers are expected to go up slightly.”

The large supply is due to increases in the crop being grown in South America, Stark said.

As for corn, the acreage is expected to drop two to four million this year, Stark said, noting the drop may hurt soybean prices. Also, rice acres are not expected to see an uptick, adding to the soybean price drop.

Copyright 2017 KAIT. All rights reserved.

Watch Region 8 News On Demand: On your Desktop | On your Mobile device

Region 8 News App - Install or update on your: iPhone | Android

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • MO man killed in weekend motorcycle crash

    MO man killed in weekend motorcycle crash

    Monday, June 25 2018 7:22 AM EDT2018-06-25 11:22:15 GMT
    Monday, June 25 2018 7:33 AM EDT2018-06-25 11:33:00 GMT
    (Source: AP Graphics Bank)(Source: AP Graphics Bank)
    (Source: AP Graphics Bank)(Source: AP Graphics Bank)

    A man driving a motorcycle was killed over the weekend in Missouri.

    A man driving a motorcycle was killed over the weekend in Missouri.

  • Region 8 counties in top ten highest teen birth rates in Arkansas

    Region 8 counties in top ten highest teen birth rates in Arkansas

    Sunday, June 24 2018 9:15 PM EDT2018-06-25 01:15:02 GMT
    Sunday, June 24 2018 9:19 PM EDT2018-06-25 01:19:03 GMT
    Poinsett and Mississippi rank high in teen birth rate. (Source: KAIT-TV)Poinsett and Mississippi rank high in teen birth rate. (Source: KAIT-TV)
    Poinsett and Mississippi rank high in teen birth rate. (Source: KAIT-TV)Poinsett and Mississippi rank high in teen birth rate. (Source: KAIT-TV)

    A study recently showed Poinsett and Mississippi counties in the top ten highest teen birth rates in the state.

    A study recently showed Poinsett and Mississippi counties in the top ten highest teen birth rates in the state.

  • Man killed in Missouri crash

    Man killed in Missouri crash

    Sunday, June 24 2018 10:19 AM EDT2018-06-24 14:19:27 GMT
    Sunday, June 24 2018 10:32 AM EDT2018-06-24 14:32:32 GMT
    Missouri State Highway Patrol (Source: Missouri State Highway Patrol Facebook page)Missouri State Highway Patrol (Source: Missouri State Highway Patrol Facebook page)
    Missouri State Highway Patrol (Source: Missouri State Highway Patrol Facebook page)Missouri State Highway Patrol (Source: Missouri State Highway Patrol Facebook page)

    A Southeast Missouri man was killed in a single-vehicle crash in Stoddard County, according to an online crash report from the Missouri State Highway Patrol. 

    A Southeast Missouri man was killed in a single-vehicle crash in Stoddard County, according to an online crash report from the Missouri State Highway Patrol. 

Powered by Frankly