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• Corn and soybean plantings and prices will continue to drive the market this year, with tight current supplies and a projected increase in worldwide demand.
JERRY MILLS of Chesterfield, S.C., took a close look at the Precision Planting system with the help of dealer Les Galloway of Darlington, S.C. “It is more accurate in spacing of seed for corn than a conventional planter,” Mills said. “It eliminates doubles and misses. I am interested in it, but the price will make a difference in whether I buy it.”
The market outlook in South Carolina should be similar to 2012, said Edgar Woods, president of Palmetto Grain Brokerage, in one of a number of educational sessions offered at the expo.
But planted acres among crops will be a little different. “I think corn acres are going to be up 10 to 15 percent. Cotton acres will probably be down some. Beans I think will be up a little bit, and peanuts will be down, depending on contracts,” Woods said. “Acres aren’t going to matter...We’ll have good acres. All the land will be farmed, so I see positives for our area.”
Markets are also going to be a lot like last year, Woods said. “Last year we were running on tight stocks of 2011 crop, and we needed to grow a good crop and were getting projections of more acres.”
Corn and soybean plantings and prices will continue to drive the market this year, with tight current supplies and a projected increase in worldwide demand.
He made a projection — based on proposed plantings and yields — of a price of around $4.50 to $6.50 a bushel for September corn and $11 to $14 a bushel for November soybeans. But weather between now and then could affect that , he added.
• Canola may be about to make an impact among Southern crops. It is not a new crop, but it has made a very slight impression in the South so far.
That is about to change, said Mike Garland, crop development director for AgStrong. “It’s going to be done now because it’s the right thing to do.”
If you have modern grain production equipment, you have most of what you need to grow canola, he said.
• The outlook is “wonderful” for South Carolina agribusinesses, said Jane Eckert, president of Eckert Agrimarketing, a firm that consults on agritourism and direct farm marketing.
“With the local food movement, with the branding that you’re doing within this state, with the energy that young people are bringing into the business and the impact they want to have.