Nick Gogerty

Farmers' 'Wise' Corn Planting Decision: When Less is More

Corn depletes soil nutrients which is mitigated with fertilizer (anhydrous etc.) or crop rotation. Increased fertilizer prices, increased soybean prices and the choice of rotating crops all make sense to rotate the crop thus diminishing last year record acreage allocation. Hint the crop report is an early indication, rains in late April or May, significant Bean declines could change the actual behaviour from the declared intentions in the USDA report.
Having worked in the Iowa corn and bean fields growing up, traded commodity futures as a teen and now working with a fund in New York lets a fella see the whole cycle.