Ukraine: The soybean market will be overcrowded, so it is not advisable to increase soybean crops

Published 2024년 2월 6일

Tridge summary

In 2024, Ukraine is projected to maintain its trend of cultivating profitable crops like soy, sunflower, and rapeseed. However, farmer Artem Omelianenko plans to not increase soybean planting due to anticipated price drops and moisture dependency. He has also cut down on corn sowing, stopped winter barley cultivation, and is considering winter wheat as a potential crop for 2024. Omelianenko has sold 75% of his harvest due to obligations.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to experts' forecasts, in 2024 Ukraine will continue the trend of planting crops that farmers managed to make money from last year. In particular, soy, sunflower and rapeseed will not lose their positions. At the same time, a farmer from Poltava region, Artem Omelianenko, a graduate of the Cultivary educational platform, will not increase soybean planting. This is stated in a special project on Kurkul.com. "Soy yielded 3 t/ha, corn — 7 t/ha, sunflower — 2.4 t/ha. We have a classic crop rotation. However, it expanded with coriander and millet crops. In addition, we have reduced the sowing of corn, we will sow it on poorer soils, and we have completely abandoned winter barley. This year we sold 75% of the harvest because we had obligations. We are not increasing soybeans, because there is an opinion that prices are expected to collapse, as the soybean market will be overcrowded. In addition, ...

Source: Superagronom