The prospect of a wet spring in the corn-belt and uncertainty over the relative prices for corn and soybeans to be obtained for the 2020 crop are a source of consternation for farmers that have soon to commit to planting.
According to the Ag Web Farm Journal of April 13th, farmers are apparently ahead of last season with regard to field-work and application of fertilizer.
Farmers will have to make individual decisions on whether to plant either corn or soybeans or a their combination, based on soil moisture, the number of growing days from planting to achieve maturity and the availability of drying and storage capacity.
The author of the article cautioned against making decisions to switch crops until there is a clear understanding of the weather situation and the structure of insurance programs including projections of margins based on anticipated prices and production costs.