Corn
USDA’s March Prospective Plantings report estimates U.S. farmers will plant 95.3 million acres of corn in 2025, 83.5 million acres of soybeans and 45.4 million acres of wheat.
Brad Kooima of Kooima Kooima Varilek says the cattle are seeing pressure on end of quarter profit taking by the funds who are still long in the market. Grains are mixed ahead of the big USDA reports.
Randy Martinson, Martinson Ag, says he expects more corn in the Dakotas and Minnesota but at the expense of more spring wheat than soybeans.
Kent Beadle, Paradigm Futures expects high volatility at the end of the month and recommends farmers get some sort of risk management strategy in place to at least put a flood under grain prices.
Brian Naber says growing up in a farming family in southwest Minnesota helped prepare him for the rigors of leading the company through the ag industry’s current economic and regulatory challenges.
Dan Basse, president of Ag Resource Company, says these tariffs are different than those imposed during the first Trump administration or even recently with the 10% increase on China imports.
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Continued good demand into 2025/26 is likely as any positive tariff results wouldn’t end in one year — potentially sustaining the corn bull market.
Surveying his farmer-clients, Ken Ferrie compiled a list of ways to increase profit margin. Specialty crops, such as popcorn; non-GMO corn and soybeans; seed corn and soybeans; food-grade corn and soybeans; and organic crops top the list.
Based on decades of experience, Jerry Gulke, president of the Gulke Group, is bracing for a big surprise in USDA’s Prospective Plantings Report on March 31.