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SESD Sious Falls | So, all other crop prices have fallen a like amount? And isn't it about profitability or lack thereof? If I will lose less money with a low input crop, won't I go that route? Won't a lot of farmers?
I think demand will be up from this year, but probably not much more than a couple hundred million bushels. Mainly because it will take time for the cattle herd to rebuild, and time for hogs to get past PED. Chickens will eat more and ethanol will likely grind more and exports should be even better.
On the production side, if we assume a $4.00 Feb insurance price for corn and $10.30 for Soybeans, I think we lose another 3-4 million acres of corn. For yield, we are likely to regress to the mean. So we lose bushels and acres next year.
These are my working assumptions. Yours?
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Sorry that I had to Post and run the other day
