Todd's Take
Todd Hultman DTN Grains Analyst
Tue Feb 24, 2015 06:18 AM CST

At the end of January, I gave a presentation at the Sioux Falls Farm Show on the 2015 outlook for grains. When it came to soybeans, I explained how a simple model of soybean prices related to costs put January 2016 soybean prices between $8 and $12 a bushel for 2015. I then showed an early sketch of the balance sheet for soybeans in 2015-16 which highlighted how bearish things could get this year, weather permitting.

Informa Economics had been estimating 2015 soybean plantings at 88.0 million acres based on their survey in early January. If true, that put soybean ...

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