More Corn Planting Ahead

Farmers are likely to plant more corn this spring than initially projected, driven by strong demand for corn seed. Jim McCormick, co-founder of Agri-Market.net, says, “The demand for corn is ferocious,” adding that in some areas, certain corn genetics have already sold out. McCormick attributes the shift to better profitability prospects in corn compared to soybeans. “When you look at the spring price of corn, it’s a nickel above where it was a year ago, while beans are a dollar below a year ago,” he said. He added that with current prices, “no one’s making money” on soybeans.