Forward selling corn will be very difficult with the input cost uncertainty. “I don’t think fertilizer prices are quite at 2008 levels, but if farmers don’t have coverage, they’re left in a dilemma,” said Randy Zimmerman, grain merchandiser, West Central Ag Services. “With natural gas soaring higher, it’s been really crazy and supply could become an issue for next year.” If input costs remain high, Zimmerman thinks there could be more soybean acres. “As far as input costs go, the soybeans are a little easier to raise and you could maybe get by without a bunch of fertilizer. It may be more of a push for bean acres. Corn and wheat may have to hunt for acres.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.