A market analyst hesitates to say current price ratios favor soybeans over corn.
Karl Setzer with AgriVisor says it’s right on the edge.
“The ratio between December ’21 corn and November ’21 soybeans right now is about 2.6 to 1. And what that means is it takes 2.6 bushels of Dec corn to equal 1 bushel of November soybeans in value.”
He tells Brownfield if the ratio is around 2.5 nobody is going to switch acres, but above that favors soybeans.
