The USDA’s soybean-to-corn price ratio is above 2.5 indicating soybeans are relatively more profitable than corn right now.  

Gary Schnitkey, a farm management professor at the University of Illinois, tells Brownfield with today’s low prices “profitability” just means less losses in this case.

“Reductions in ethanol keep corn prices low and there has been a bit more optimism on soybeans here lately because of exports to China.”

As harvest approaches, Schnitkey expects soybean prices to come back down.

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