Farmer Brown here.

The USDA’s crop report jerked the entire ag complex higher this morning.

Here’s a look at Agrium ($AGU), full disclosure: I’m long…

The Wall Street Journal has some data:

U.S. farmers chasing high prices will be planting 92.178 million acres of corn this year, a 5% increase from last year, while land going into soybean production is expected to slip slightly, the U.S. Department of Agriculture said Thursday in its annual Prospective Plantings report.

“Planted [corn] acreage is expected to be up in most states compared to last year due to higher prices and grower expectations of better net returns,” the USDA said in the report.

The new corn planting forecast is also slightly higher than the 92 million acres USDA predicted in late February during its annual outlook conference and surpassed most analysts expectations.

In addition to the corn chase, cotton acreage will rise virtually everywhere possible.  Now let me explain one thing here – with corn prices , the buyers (food companies) can offset costs by shrinking the package.  There is some “give” there.  With cotton prices, however, apparel makers cant shrink an X-Large down to a Large sized garment.  They’re simply going to have to pass on the costs or eat them internally.


Corn Planting to Rise as Farmers Chase High Prices (WSJ)


This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. fake gold pocket watch commented on Sep 18

    … [Trackback]

    […] There you can find 16067 additional Information to that Topic: […]

  2. blazing trader commented on Oct 04

    … [Trackback]

    […] Read More Information here to that Topic: […]

  3. thepoc commented on Oct 30

    … [Trackback]

    […] Read More on on that Topic: […]

  4. DevOps Services commented on Nov 02

    … [Trackback]

    […] Find More Information here to that Topic: […]

  5. tangerine account commented on Nov 26

    … [Trackback]

    […] Find More Information here to that Topic: […]

  6. td easy web login commented on Nov 29

    … [Trackback]

    […] Read More here on that Topic: […]

  7. Call Best Roof Guy commented on Dec 06

    … [Trackback]

    […] Info on that Topic: […]

  8. Tree Service call now tweeted on Dec 11

    … [Trackback]

    […] Find More Info here to that Topic: […]

  9. 5d diamond painting commented on Dec 17

    … [Trackback]

    […] Info to that Topic: […]

  10. KIU-Library commented on Jan 06

    … [Trackback]

    […] Here you can find 77921 additional Information on that Topic: […]

  11. bnc commented on Jan 14

    … [Trackback]

    […] Read More here on that Topic: […]