Soybeans Vs. Corn: Which to Plant Next Year?

October 30, 2018 12:07 PM
 
 

Tariffs on soybeans could mean more producers will be switching to corn next year. This year, farmers planted more soybeans than corn for the first time in more than three decades, assuming it would be in high demand, but those Chinese tariffs are causing big problems. It's leading to lowers exports and lower prices. Now, some analysts are saying farmers could convert as much as four million acres from soybeans to corn next spring. That would be roughly equal to the size of Connecticut.

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Spell Check

Kevin
Montfort, WI
10/30/2018 07:12 PM
 

  Corn at this point will garner 6-7 million more acres based on general market dynamics next year. Growers need to take advantage of the $.35 premium that Dec 19 has over Dec 18. A rally by year's end would provide that hedging opportunity for next year's crop that needs to be taken advantage of. Remember that spread will condense as time goes on so, especially if there is huge acreage shift in the March intentions report. With depressed bean prices and no trade resolution on the horizon anytime soon, look for a historic shift in acres.

 
 

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