Market Matters Blog
Katie Micik DTN Markets Editor

Wednesday 02/12/14

Let the Acreage Debate Begin
Now that February's supply and demand report is over even more of the market's attention will switch to the acreage "debate." While pundits, pencil pushers and bean counters will watch every little indicator leading up to planting season, most farmers already know what seeds are going in the ground this year.[Read Full Blog Post]
Posted at 1:25PM CST 02/12/14 by Katie Micik | Post a Comment
Comments (1)
In Ontario I had expected a drop in corn acreage for 2014 down from 2.15 million acres last year. However, with the drop in the Canadian dollar I no longer expect that. Corn's productivity gains on an annual basis are much higher than soybeans. 2 million acres is a flashpoint for Ontario grains, because with good weather, those acres and good provincial yields means we export to the US. That's like exporting snow to Canada at firesale prices. So I was looking for a cut in acres, but no more, more like the status quo. For Michigan farmers, it'll mean some of the lowest basis values in N America. For Ontario farmers, some of the cheapest corn in N America.
Posted by Philip Shaw at 9:41AM CST 02/19/14
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