There have been different reports predicting soybean acres, some making the case that it could increase to 90 million or more acres, while wheat is seeing levels not seen in 108 years.
“You know who changes the most acres? It’s analysts,” said Craig VanDyke of Top Third Ag to U.S. Farm Report host Tyne Morgan.
He said while it’s possible, December contract corn is edging near the $4 mark which could sway acreage decisions.
Jarod Creed of Gavilon thinks if corn rallies another 15 to 20 cents, “I would almost make the case that we will plant identical acres of last year.”
Watch their discussion of why the wheat market “has done its job” and what’s driving the cattle market higher on U.S. Farm Report above.