Corn and soybeans continue to fight for acres. Utterback Marketing President Bob Utterback says there is a real psychological scare final planted acres will not match the planting intentions report. “In my historical experience, I’ve never seen this level of strength prior to the crop getting planted. Historically, there’s been years with a variance in acres between March and June, but talking with farmers, you don’t get a sense people are changing up rotations in a major way.” Utterback questions how many additional corn and soybean acres will be put into production. “Are we really going to grow that more corn and soybean acres with prevent plant? If acres don’t grow significantly in the June report and South America loses the 300 million bushels of corn, the weather outlook becomes critical.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.