2022 Priorities Industry experts share projections for the year BY BETHANY BARATTA
From seed selection to marketing and grain storage to transportation, there are a myriad of factors farmers consider each year. We’ve asked experts in these areas to provide a snapshot of what’s in store for 2022 to help increase productivity and profitability for Iowa’s soybean farmers.
24 | FEBRUARY 2022 | IASOYBEANS.COM
What can farmers expect for prices in 2022? What can farmers do to bulletproof their budgets this year?
What can farmers expect from the Iowa Soybean Research Center in 2022?
“Soybean prices trended higher through the last quarter of 2021. This has been a ‘money flow’ dominated move, as speculators have targeted the soybean complex since mid-October. There are two primary fundamental drivers of the market, and they are at odds with one another. South American production estimates have started to come down from their record forecasts the past few months. The U.S. export program has underperformed and will be slowing drastically in the weeks ahead. Net effect, U.S. carryout levels are rising, lessening the need for any acreage increases in 2022. Growers should use this market strength to price remaining old and new crop soybeans.”
“Every year, we have a rotating set of farmers advising the center. For the new year, we’ll welcome additional industry partners. The highlight of the center’s calendar year is its advisory committee meeting in late summer. At the meeting, farmer advisors learn about new soybean research opportunities from ISU researchers and discuss funding priorities with industry partners. The meeting culminates in recommending specific research projects to support. Sometimes, the meeting gets really exciting because the farmers and industry representatives offer direction and suggestions for changes in the research so that the funded projects best fit the needs of the Iowa soybean farmers. I can’t wait to see what new research we will support in 2022.”
— Matt Campbell,
— Greg Tylka,
risk management consultant
of the Iowa Soybean Research
for StoneX Financial Inc –
Center at Iowa State
FCM Division
University
director
