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Wrapping it Up. The USDA cost of production estimates suggest that 2016 input costs will be similar to 2015. With prices at current levels, this would mean another challenging year for many farmers.or instance, at the estimated trend yield of 166 bushels per acre for corn the costs of production would be $4.11 per bushel. Using this approach soybeans and wheat come in at costs of $10.65 and $6.50 per bushel respectively.
USDA also increased Argentine soybean production by 500,000 metric tons to 56 MMT, which was in line with tradersâ expectations. With the increases in South American soybean production, USDA raised global soybean production for 2016-17 by 5.18 MMT and boosted global soybean ending stocks by 4.59 MMT as well.