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
Spring Fieldwork Expands While Weather Challenges Persist Nationwide
Rising costs and prices are shifting acreage toward soybeans. Most fertilizer prices are up double digits from this time last year, with Urea seeing the largest gains.
Hiring may ease slightly, but labor shortages remain persistent.
Price volatility is driving shifts in demand and supply innovation.
RealAg Radio host Shaun Haney explains shifting global trade dynamics and what they could mean for agriculture and energy markets.
Rising diesel and energy costs are squeezing farmers and rural communities, increasing production expenses and raising concerns about consumer demand for beef even as U.S. meat exports regain the Australian market.
