News

Still a lot of questions over final acreage numbers

Because of planting delays, there's been a lot of talk in the futures market about farmers switching acreage from corn to soybeans but University of Illinois ExtensionEconomist Darrel Good says it's hard to say how much switching is actually taking place.

Good tells Brownfield there may only be about a million acres switched from corn to beans this year, “Part of this is complicated by the prevented planting provisions of thecrop insurance – what's just going to go unplanted, what will get switched – we'll be watching primarily southern Illinois, Southern Indiana for those switches to take place, so it may be fairly limited in scope.”

Good adds that the recent rally in corn hashelped producers wrap up the old crop at better than expected prices.