Farmers expect corn, the most widely grown US crop, to hew close to break-even levels this year, supported by strong usage. Some see soybeans as riskier, given rising competition from Brazil and a volatile US trade relationship with top buyer China.
“Right now, you absolutely cannot make money on beans,” said Tim Gregerson, who farms in eastern Nebraska. “You can probably break even on corn, but you are going to have to have an extraordinary yield, or a price increase,” Gregerson said.
Most growers in America’s Midwest farm belt grow both crops, alternating what gets planted on each field from year to year to boost soil health. Many add wheat, sorghum, cotton or other crops to their rotations. But among farmers who have some flexible acres where they can plant anything, many see corn as their best bet.
–Reuters–