The current price for 32% nitrogen in Eastern Iowa for 2022 crop is $600/ton.
At $0.94/unit corn on corn acres will evaporate. Nitrogen pricing has already reduced forecasted acres nearly 2 million for the US next year.
North Dakota will plant wheat, barley, canola, soybeans, sunflowers, oats, and several other crops that are at or near all time highs.
South Dakota plans to plant a lot more acres of sunflowers, wheat, and soybeans as well.
This is shaping up to be the most interesting Winter acreage battle in history.
What are TopYielder's planning for next year?
- Cash Marketing
- Crop Marketing
- Nitrogen, Phosphorus, Potassium
More Soybeans. Frugal N rates on corn. Contract some of those beans or protect the 22 price we have somehow.
There will still be plenty of corn on corn acres on livestock operations. Most have enough manure N to get by and nobody wants to pay $5+ per bushel to buy corn. Reduced acreage is likely to drive prices even higher so I suspect some people will still stick with corn and shave N rates as much as they can. Other than that it's going to be a crazy year with everyone guessing where the profit will be.