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
Strong corn demand and cotton shipments support export outlook.
Fertilizer investigation may impact input costs and margins.
The American Coalition for Ethanol reacts as the Farm Bill heads to a full House vote — while ethanol expansion, including year-round E15, is left out — as well as the USDA’s pursuit of global markets for ethanol.
Global food prices rose slightly in the latest FAO Food Price Index as vegetable oils, cereals, and meat increased, offsetting declines in dairy and sugar.
Mexican livestock officials are emphasizing surveillance and inspection systems to preserve access to the U.S. cattle export market. Texas’ Bovina Feeders explains the rising stakes as the border stays closed.
Weak crop margins and tariff uncertainty are delaying machinery purchases and signaling slower capital investment across U.S. agriculture.
