Better weather coupled with stronger market prices could incentivize more corn this year by about 2.5 million acres.
Leaders at Summit Commodities tell Brownfield Ag News that would be in line with USDA’s forecast, released during the Ag Outlook Forum. Tomm Pfitzenmaier says most of the extra corn acres could derive from cotton.
“The profitability of cotton has gone away to some extent and corn is hanging in there fairly well.”
USDA has soybean acres projected at more than 87 million acres, same as last year. USDA’s Prospective Plantings report comes out at the end of this month.
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