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Analysts expect a transition from 2 million to 3 million acres of soybeans

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Analysts expect a transition from 2 million to 3 million acres of soybeans

Market analysts expect modest changes in acreage this year.

Bryan Doherty of Total Farm Marketing states that record high input costs make $ 6 corn less attractive.

“It’s been a good year for farmers to see this (think they’ve spent it), and next year they’ll suffer big losses and don’t want to ruin it by paying a lot for fertilizer when the price of corn goes down. So I think the shift is there. At least that’s what my seed supplier and farmers are telling me. They plant more soy acres. intend to.”

USDA’s future planting report is two months away. Talking to the Brownfield at the Iowa AgExpo in Des Moines on Tuesday, he says it makes sense to grow 2 to 3 million acres of corn on soybeans.

“If you drive over 100 fields, you can rationalize the logic behind it, given that there are two or three soybeans that weren’t soybeans last year. Given the current state of fertilizer prices, it’s feasible and logical. And more importantly, whether (farmers) get it. “

Some farmers are enthusiastic about soybeans because they fear that corn input will not be readily available, Doherty said.



Analysts expect a transition from 2 million to 3 million acres of soybeans

https://brownfieldagnews.com/news/analyst-anticipates-2-to-3-million-acre-shift-to-soybeans/ Analysts expect a transition from 2 million to 3 million acres of soybeans

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