There will be more corn acres in 25 for sure but going corn on corn is going to get tight on guys breakeven with the extra fertilizer needed, more tillage and fuel usage and drying costs if the crop doesn’t dry down well next year. Really makes sense to keep the same rotation and be slightly heavier on corn
SW Michigan here. I wouldn’t expect much change in rotations. There’s already a lot of corn on corn. Hopefully some marginal ground will drop out of production. I’d guess 93 million acres max for corn.
Cotton in North and South Carolina seems to be yielding good, at least with everyone I have spoken to. The only good crop many have had this year is the old king cotton
I don’t plan to change my rotation, a few acres might switch from grain sorghum to corn. That one is a toss up because of the lower seed price makes it pencil better particularly on tougher fields and thrive on hot overnight temps. New crop sunflower gross prices keep it about even with soybeans. My hrw is off to a decent start, it looks like planting 1 acre was too much as it is priced $2+ below production costs.
Outside of a weather issue in S America and/or in the US now through next year to give a shot to lock better prices, or government assistance, many producers will have to throw in the towel by the end of next year. Low crop prices with super high inputs has never been seen like this before, from what I have gathered anyway. Inputs will only correct so much, but general inflation isn’t going anywhere. More small farms will bow out while the bigger ones gobble them up. This type of consolidation is bad for Ag and the small communities in rural America that depend on those numerous small farms.
I am McLean County ND with an .80 under basis and a .40 corn basis 35bu bean and 110 bu corn aphs. Looks like 55 percent corn next year and 35 beans and 10 percent peas
It gets down to cost of production. If you bought record high ground, fill the machine shed with new paint, and built a new house, I don't feel sorry for you at all. One must learn to pace one's self. Self discipline required.
1/3 of my acres that was supposed to be beans next year is wheat . Didn't like what I was hearing from Brazil and i have a good straw market so i went with more wheat
Corn and beans acres about the same, Maybe 10 % swing to corn. Due to wheat and rye in with good fall weather, Its all speculation till weather in May.
bigger Brasilian crop means smaller exports on US beans, as China buys first from Brics countries. So it can be concluded that US bean price is crashing to level of 7 to 8 dollars max, as importers can set the price
Per Chat GPT but just asking the basic question, the overall cost per acre to grow soybeans in the USA is $720 per acre....in Brazil it's $390 per acre. Joe, anyway to dig into this.
@@jaripukki267 The US is providing billions of dollars each year to fight climate change and millions to Brazil directly to prevent Amazon deforestation. Meanwhile, China invests billions to Brazil to grow more beans. It would make more sense for the US to invest in production in Brazil and employ best practices and potentially reduce the need for expansion.
If the insurance price is $4.40 we will have 88 to 89 million acres of corn. Remember there is a lot of 120 bushel or less corn ground in this country that the corn is fed on the farm. Why grow corn that cost you $5.00 to grow it when you can go fishing and buy your corn for $4.00? You will be surprised how much less dry fertilizer will be used this year even in Prime Corn Country.
@agger838 Well, the way things are going, everyone seems to think we'll have $8 beans come June. What's a guy supposed to do? Lol $9.95 at the crush plant looks better than $8 in the 🔮
More corn less wheat planned, wheat price and outlook is horrible. Beans less expensive to grow than wheat so bean acres will stay the same in 2025 on my farm even though bean prices will likely stink as well😬..
$4/a plus $100/a trump cash will keep the corn coming. Federal gov always wants the farmer to grow corn. $50/a trump bucks will keep the soybean planting in gear also. I predict no change in acreage mix for 2025.
If you're going to use grains for biofuel and increase grain production and USA demand you have no choice scientifically not to have carbon capture and pipelines to use it
Good grief I know the farm economy is not good right now. I am a farmer and believe me I know, but could there be a little more negativity on this podcast good Lord it’s like no matter how bad I might think it is you guys act like it’s 10 times worse I gotta have a little hope even when the prices have gone up, it is always a negative slant when I listen to this podcast
Really enjoy your report. Matt is a great common sense guy.
Keep up the good work!
There will be more corn acres in 25 for sure but going corn on corn is going to get tight on guys breakeven with the extra fertilizer needed, more tillage and fuel usage and drying costs if the crop doesn’t dry down well next year. Really makes sense to keep the same rotation and be slightly heavier on corn
Winter time is a great time to have a drought. I don't want moisture until i have the crop in the ground in May
I’m not near that finikey, I’ll take it anytime, you must not know what it’s like to go months without rain
@paulanderson7893 Careful what you wish for. Didn't get any precipitation until May and it didn't quit until July. Worst yields I've ever seen.
SW Michigan here. I wouldn’t expect much change in rotations. There’s already a lot of corn on corn. Hopefully some marginal ground will drop out of production. I’d guess 93 million acres max for corn.
Good info
Cotton in North and South Carolina seems to be yielding good, at least with everyone I have spoken to. The only good crop many have had this year is the old king cotton
all the money given to grain farmers the last few years plus record prices we shouldn't need a bailout
Great discussion, as usual. $11.70 break-even price for soybeans? Oof-dah!
I don’t plan to change my rotation, a few acres might switch from grain sorghum to corn. That one is a toss up because of the lower seed price makes it pencil better particularly on tougher fields and thrive on hot overnight temps. New crop sunflower gross prices keep it about even with soybeans. My hrw is off to a decent start, it looks like planting 1 acre was too much as it is priced $2+ below production costs.
Outside of a weather issue in S America and/or in the US now through next year to give a shot to lock better prices, or government assistance, many producers will have to throw in the towel by the end of next year. Low crop prices with super high inputs has never been seen like this before, from what I have gathered anyway. Inputs will only correct so much, but general inflation isn’t going anywhere. More small farms will bow out while the bigger ones gobble them up. This type of consolidation is bad for Ag and the small communities in rural America that depend on those numerous small farms.
I am McLean County ND with an .80 under basis and a .40 corn basis 35bu bean and 110 bu corn aphs. Looks like 55 percent corn next year and 35 beans and 10 percent peas
''We have world ending stocks in grain'' ~ Joe Vaclavik soundbite of the year.
It's 5am. Cut me some slack!
😂😂😂😂😂😂@@GrainMarketsandOtherStuff
It gets down to cost of production. If you bought record high ground, fill the machine shed with new paint, and built a new house, I don't feel sorry for you at all.
One must learn to pace one's self. Self discipline required.
My son works for a JD dealership here in southern Wisconsin and they have sold 7 new combines this winter already and it only December.
1/3 of my acres that was supposed to be beans next year is wheat . Didn't like what I was hearing from Brazil and i have a good straw market so i went with more wheat
Our farm is reducing bean acres as much as possible. Growing as much corn as we can logistically handle and have been forward marketing aggressively.
Corn and beans acres about the same, Maybe 10 % swing to corn. Due to wheat and rye in with good fall weather,
Its all speculation till weather in May.
When will the USDA subtract the acres lost to solar and wind?
Hello 8 dollar beans
92 mil corn acres max......I know one guy going beans on beans simply due to cost....time will tell
Budget needs to include operator draw or wouldn't it be considered a hobby.
bigger Brasilian crop means smaller exports on US beans, as China buys first from Brics countries. So it can be concluded that US bean price is crashing to level of 7 to 8 dollars max, as importers can set the price
The US should be using the stronger dollar to purchase Brazilian crop and production, but that would be the smart thing to do so…
Per Chat GPT but just asking the basic question, the overall cost per acre to grow soybeans in the USA is $720 per acre....in Brazil it's $390 per acre. Joe, anyway to dig into this.
@@jaripukki267 The US is providing billions of dollars each year to fight climate change and millions to Brazil directly to prevent Amazon deforestation. Meanwhile, China invests billions to Brazil to grow more beans. It would make more sense for the US to invest in production in Brazil and employ best practices and potentially reduce the need for expansion.
@@chillxxx241 true, but that will destroy US domestic production
@ Previous administrations have paid farmers not to farm. Has this changed?
Good morning! How many acres of corn will US farmers plant in 2025? For reference, 2024 US corn plantings totaled 90.7mil acres.
How many acres? Other uses? (maybe grow houses and solar farms in Iowa) Have YT block this comment please!
If the insurance price is $4.40 we will have 88 to 89 million acres of corn. Remember there is a lot of 120 bushel or less corn ground in this country that the corn is fed on the farm. Why grow corn that cost you $5.00 to grow it when you can go fishing and buy your corn for $4.00? You will be surprised how much less dry fertilizer will be used this year even in Prime Corn Country.
Well, should I sell my stored beans now?
The only thing that could help beans is january report or a turn of weather in brazil
@agger838 Well, the way things are going, everyone seems to think we'll have $8 beans come June. What's a guy supposed to do? Lol $9.95 at the crush plant looks better than $8 in the 🔮
More corn less wheat planned, wheat price and outlook is horrible. Beans less expensive to grow than wheat so bean acres will stay the same in 2025 on my farm even though bean prices will likely stink as well😬..
94-95 million
$4/a plus $100/a trump cash will keep the corn coming. Federal gov always wants the farmer to grow corn. $50/a trump bucks will keep the soybean planting in gear also. I predict no change in acreage mix for 2025.
Trump ruined our grain prices again.
Don't count your chickens before your eggs hatch!
@@Mark-qq5po Get a job. Not a Government check.
If you're going to use grains for biofuel and increase grain production and USA demand you have no choice scientifically not to have carbon capture and pipelines to use it
CONAb is always wrong.
The tariffs threats are just that. Mexico folded like a cheap card table in 20 minutes. Canada folded in 4 days
plant more CRP acres. Supply Side Reaganomics of the 80's. Who is ready to trade PIK certificates? I enjoy your reports daily. excellent work.
Good grief I know the farm economy is not good right now. I am a farmer and believe me I know, but could there be a little more negativity on this podcast good Lord it’s like no matter how bad I might think it is you guys act like it’s 10 times worse I gotta have a little hope even when the prices have gone up, it is always a negative slant when I listen to this podcast
There is no spin here. We just tell you what's happening. We led off with friendly news on Wednesday.