In the northern hemisphere, the crop is on its way to the bin and with large amounts of it priced and delivery months established, farmers can turn their attentions to 2018.
Canadian farmers will largely see positive margins. That is not the case in the United States, where corn and wheat left red ink on the ledger sheets, with soybeans being only bright spot in what is mainly a two-crop system, with a little wheat thrown in. As well, soybeans’ lower input costs are attractive to many farmers because operational financing is becoming tighter.