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South Central Iowa | At your numbers, most guys would still go corn for an extra $146 an acre. Unless they spare no expense on corn and skimp of soybeans, their production costs should be narrower between the two than $150. I know my spread is $80 if I split dry equally, $300 vs $220 no land; its $130, $325 vs $195, if I want to put all my dry on Corn. With your numbers that is still a $20 advantage on corn.
It flows better with $3.76 corn. An extra $58 tilts it to corn definitely. At $9.60 Nov, you would be at $3.76 Dec based off the ratio that exists now. Unless you believe that corn is going to fall penny for penny, which would be a far harder fall than soybeans in relative terms. With those yields, and an equal split of fertilizer, that would be advantage corn by $123 an acre, at least with my input cost.
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They can only go down so far
