The initial projections provided by USDA at February's Annual Outlook meeting are for 86 million acres of corn, but a recent Top Producer survey shows that nearly 40% of the nation's corn and soybean growers have not made their final acreage plans for 2009. Even more surprising nearly 30% won't make that final decision until they're ready to plant.
This means that number is in doubt as we head into the planting season. Top Producer Market Strategy columnist Jerry Gulke says there could be a 4 million swing up or down on corn acres. The final number will be dependent on fertilizer prices this spring and on weather through the planting season.
That will directly impact your bottom line. And depending on where you are, it may even impact what you plant this spring.
- Fred Gesser, Planalytics meteorologist will provide a 60-day national weather outlook and explain how that may impact fertilizer movement and usage during April and May
- Jerry Gulke, owner of Strategic Marketing Services and Top Producer columnist, will provide a market outlook and explain how markets will be impacted, whichever way planted acreage goes
- JC Hoyt, from Cash Grain Bids, will discuss how basis will be affected and offer an outlook on barge outlook for this spring and fall
- Tim Chrislip (invited) from CHS, Inc., will discuss fertilizer supply, movement and the supply outlook for the next 60 days
When: March 25, 2009 at 1:00 p.m.