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Analyst sees soybean acreage gains as corn costs remain high
A market analyst says high input costs could discourage farmers from planting corn in 2026.
Tanner Ehmke with CoBank says he expects an acreage shift to soybeans.
“Soybeans really step out as the one taking acreage from the other commodities,” he said. “Because of the price performance, looking at futures prices soybeans have had a better year.”
He tells Brownfield corn prices have slid, but fertilizer prices have not.
“When you look at the cost of production for corn, it is cost prohibitive especially at today’s prices.”
Ehmke says the outlook for inputs isn’t favorable, which also feeds the push for more soybeans next year.
“Input costs continue to go up with no indication they will go down, except for perhaps maybe machinery prices and some cash rents are starting to soften in some areas.”
He says pressures to farmer affordability will continue to be a factor in 2026.
Tanner Ehmke Audio Interview:
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