A market analyst anticipates a moderate acreage shift this year.
Total Farm Marketing’s Bryan Doherty says record-high input costs make $6 dollar corn less attractive.
“I think it’s real that farmers are looking at this (thinking they’ve) had a good year and don’t want to flub it up by taking big losses next year and paying high prices for fertilizer when corn prices go down. So I think the shift is there, at least that’s what my seed dealers and that’s what farmers are telling me, that they intend to plant more soybean acres.”
USDA’s prospective plantings report is two months away .
