University of Illinois ag economist Scott Irwin thinks U.S. corn acreage could be down at least five million from the nearly 93 million acres in the March prospective plantings report. “At least five million acres from prevent plant, plus switching to soybeans, due to late planting conditions,” Irwin says. He says late planting and excess rain could mean “substantially reduced” corn yields this fall, with a national average corn yield of 170 or less—which could push corn prices into the 4.50 to 5.00 range, he says.
Continue reading Ag economist sees big drop in corn acreage–and yields at Brownfield Ag News.
