Soybeans may rise to a record $20 a no-till bushel, more than double today's price, amid low stockpiles in the United States, a weaker dollar and increased demand as the global economy recovers.

Soybeans are usually traded on a 13% moisture basis, so it is to the farmer's advantage to harvest, store, and sell soybeans as close to 13% moisture (wet basis) as possible.

Farm values dropped for the first time in 22 years, according to the USDA's Agricultural Land Values and no-till Cash Rents Annual Summary.

Horst Bohner, a no-till soybean specialist from the Ontario Ministry of Agriculture Food & Rural Affairs, says a number of first-time soybean fields that were inoculated this year did not nodulate properly.

High-yielding varieties coupled with ideal no-till growing conditions can turn an average crop into a record season.

Corn prices have settled into a relatively narrow trading range, with December 2009 futures trading between $3.20 and $3.50 per no-till bushel over the past 3 weeks. The relatively low price level reflects the anticipation of a large harvest in 2009, says Darrel Good, University of Illinois economist.