Farmers Optimistic Ahead of a Big Corn, Soybean Planting Season

Farmers are expected to plant massive corn and soybean crops this spring as a response to recent market movement and record-low domestic grain stocks. Corn is expected to see an especially big year; if it’s realized, this year’s crop will be the third-largest in the last 75 years, just behind 2012 and 2013. If falling in line with trend line yield estimates, it will translate to a 15.3-billion-bushel crop, just ahead of the 2016 crop, the largest in history. While farmers are excited to get underway, a few challenges remain; drought conditions could hamper early crop growth in some areas, while any future marketplace disruptions around the COVID-19 pandemic could affect things like crop input availability. See more on the outlook for the upcoming planting season.