Ag analysts are preparing for a significant increase in corn acres this year.
Frequent Market Day Report guest Jim McCormick says data coming early next week is expected to show high demand.
“The demand for corn is ferocious,” he explained. “There are some genetics in certain areas that actually run out because that demand is so strong. And hence, that’s what we think, when it’s all said and done on the 31st, they’re gonna come in at least at 95.39 million acres.”
McCormick says it all boils down to profit, which is something corn has more potential for than soybeans.
Related Stories
Charly Cummings with Superior Livestock Auctions provides a real-time look at cattle market activity, demand trends, and what lies ahead for upcoming livestock auctions in Texas.
Farm Bureau Economist Dr. Faith Parum warns farmers to brace for more losses as the war in Iran sends shockwaves through the ag economy and raises input costs even further.
Margin pressure and competitiveness concerns are shaping cautious outlooks.
More than 15 million birds were affected by bird flu, but fewer outbreaks are helping bring egg prices down
Jose de Jesus explains the National Pork Board’s new campaign, “Taste What Pork Can Do,” which aims to build long-term engagement with Millennial and Gen-Z consumers.
Higher energy activity likely keeps fuel and fertilizer costs elevated.
