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Acre questions remain in U.S. crop

A market analyst says he wouldn’t be surprised to see some shift in corn and soybean acres this spring.

Matt Bennett, co-founder of AgMarket.net, tells Brownfield…

“Last fall, a lot of folks were, you know, making the decision to go with corn because corn penciled out better than soybeans.”  He says, “Unfortunately, those tides have turned a little bit from fall to spring, whereas actually beans are penciling out just as good, if not better than corn, especially in the I-states.”

He says farmers who have flexibility are likely considering all options.

“You know, if there’s ground that anhydrous hasn’t gone on, it’s probably a decent candidate to maybe see some bean acres kind of take precedent,” he says.

But, Bennett says he doesn’t expect a major swing in acres…

“It was just a fantastic fall to be able to get out in the field and get ground worked,” he says, “and most of these folks already have their plans made and so I think that there’s some (swing acres) for sure, but I don’t think that it’s going to be a large amount.”

Bennett says the acreage will play a key part in the supply and demand equation. 

The USDA’s annual acreage report comes out June 28th at Noon Eastern/11am Central.

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