UACES Facebook 2010 Soybean Price Report - January 2011

2010 Soybean Price Report - January 2011

You Tube - Link to watch video on You Tube.Link to transcript

 

Audio/Video      Script:

[Title Slide - 2010 Soybean Price Report. Your Arkansas Soybean Podcast, University of Arkansas Division of Agriculture, Arkansas Soybean Promotion Board.]

[Video showing farm equipment in a soybean field. Slide – USDA Soybean Price Forecast plus 25 cents per bushel.] USDA’S 2010 soybean price forecast rose 25 cents a bushel on the agency’s January supply-demand report, in which it also lowered expectations for the number of U.S. soybean acres from its December estimate. 

[Video showing a combine in combine in a soybean field. Slide - U of A University of Arkansas Division of Agriculture; National average yield 43.5 bushels per acre.] Scott Stiles, economist-risk management for the University of  Arkansas Division of Agriculture, said that the National Average Yield was reduced by four-tenths of a bushel to 43.5 bushels per acre. [Slide – USDA Total production forecast 3.329 billion bushels] Total U.S. soybean production was forecast by USDA at 3.329 billion bushels.  

[Picture of storage. Slide – U of A University of Arkansas Division of Agriculture; Ending soybean stocks forecast 140 million bushels.] Stiles reports that ending soybean stocks for 2010 through 2011 were forecast at an extremely tight supply situation at 140 million bushels, lower than the pre-report trade expectation of 156 million bushels.

[Picture of money. Slide – USDA Soybean price forecast; $11.20 - $12.20 mid-point $11.70.] The USDA’s soybean price forecast called for a range from $11.20 to $12.20, with a mid-point of $11.70. [Picture of money. Slide – USDA 2009 average crop price $9.59 per bushel.] The average crop price in 2009 was $9.59 a bushel.

[Picture of harvesting soybeans. Slide – NASS 2010 average Arkansas soybean yield 35 bushels per acre.] The National Agriculture Statistics Service said the average soybean yield in Arkansas was 35 bushels per acre, compared with 37.5 bushels in 2009. [Picture of harvesting soybeans. Slide – NASS 2009 average Arkansas soybean yield 37.5 bushels per acre.]

[Narrator] Your Arkansas Soybean Podcast is a production of the University of Arkansas Division of Agriculture and was funded in part by the Arkansas Soybean Promotion Board. For more information about soybean farming in Arkansas, contact your local county Extension office.

[Title slide - For more information contact your local county Extension office. Your Arkansas Soybean Podcast, University of Arkansas Division of Agriculture, Arkansas Soybean Promotion Board]

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