Corn continues to fight for acres ahead of spring planting. Summit Commodities market analyst Tom Pfitzenmaier does not think the U.S. will see a major acreage switch from corn to soybeans this year because of the higher fertilizer prices. “I think the profitability of corn, especially in the central Midwest, is so strong. I don’t think people are going to change acreage up that much.” Brock and Associates President Richard Brock agrees. “The longer the corn market stays higher, especially if this continues through February, it will lead to more acres. The guaranteed crop insurance prices will be high and even with high fertilizer prices, it will still be profitable to grow corn.”
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