Corn, Soybean Profitability Likely in 2022, Even Among Record Fertilizer Costs

Despite record-high input costs impacting growers across the country, corn is still trending as the top choice for next year’s growing season. While some are skeptical about profitability among sky-high fertilizer prices, Farm Futures Grain Market Analyst Jacqueline Holland believes that even with added expense, there’s an opportunity for both corn and soybean production to remain profitable in 2022. Increased demand in ethanol production, coupled with strong Chinese exports are breathing profitability into corn production that has been on the wayside. Meanwhile, commodities like wheat, cotton, sorghum and barley are expected to increase in acreage, potentially hindering acreage expansion for both corn and soybeans.

Read more on 2022 acreage predictions.