The corn and soybean rally will impact local planting intention. During the AgCountry Farm Credit Services Virtual Marketing Day, NDSU Extension Crops Marketing Economist Frayne Olson said he has heard from specialty crop companies. “The processors would be very comfortable to get the same acres as last year, but they don’t want to lose a lot of acreage due to the shift of planting intentions.” Olson said there is no shortage of wheat worldwide, “but if we get too much of a cut back in acreage, we may be getting to levels where the spring wheat market is concerning.” University of Minnesota Grain Marketing Economist Ed Usset expects to see more soybean acres in 2021. “Where will those acres come from? I think soybeans will steal more acres from spring wheat.” RRFN Farm Broadcaster Don Wick moderated the AgCountry forum with Olson and Usset.
