What factors will you be following/strategies?
Thought I would toss this article up for interest/discussion.
Begin quote:
Corn production may overtake wheat in the heartland
By The Associated Press POSTED: October 27, 2008 Save | Print | Email | Read comments | Post a comment
Email: "Corn production may overtake wheat in the heartland"
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BISMARCK, N.D. - Corn is taking over wheat acres in much of the nation's heartland.
North Dakota farmers are expected to produce more bushels of corn than spring wheat for the second straight year, and for only the second time in state history. Kansas farmers also could harvest more corn than wheat, the federal Agriculture Department says.
USDA has projected the state's corn-for-grain crop at 269 million bushels, down 1 percent from last year's record high. Last month, USDA pegged the state's spring wheat crop at 224 million bushels, down 4 percent from a year ago.
Before last year, corn bushels had never surpassed spring wheat in North Dakota, according to USDA data. This year, the estimated corn production would outpace both spring wheat and durum wheat bushels.
The durum wheat crop, which is used for pasta, is pegged at just over 41 million bushels.
''I believe this is a trend that's going to continue in corn's favor,'' said Larimore farmer Jay Nissen, president of the North Dakota Corn Growers Association. ''I think producers are seeing the financial viability of corn versus other crops, especially young producers.''
Corn production has increased tenfold in North Dakota in the past 20 years, but no one believes corn will supplant spring wheat as North Dakota's staple crop. North Dakota leads the nation in spring wheat production every year, and farmers plant nearly three times as many wheat acres as corn.
There are other factors to consider, as well. A bushel of corn weighs about 4 pounds less than a bushel of wheat. And the value of the spring wheat crop is hundreds of millions of dollars more than that of the state's corn crop.
End quote
source: http://www.timesrepublican.com/page/content.detail/id/511573.html?nav=5001#
Thought I would toss this article up for interest/discussion.
Begin quote:
Corn production may overtake wheat in the heartland
By The Associated Press POSTED: October 27, 2008 Save | Print | Email | Read comments | Post a comment
Email: "Corn production may overtake wheat in the heartland"
*To: <--TO Email REQUIRED!
*From: <--FROM Email REQUIRED!
BISMARCK, N.D. - Corn is taking over wheat acres in much of the nation's heartland.
North Dakota farmers are expected to produce more bushels of corn than spring wheat for the second straight year, and for only the second time in state history. Kansas farmers also could harvest more corn than wheat, the federal Agriculture Department says.
USDA has projected the state's corn-for-grain crop at 269 million bushels, down 1 percent from last year's record high. Last month, USDA pegged the state's spring wheat crop at 224 million bushels, down 4 percent from a year ago.
Before last year, corn bushels had never surpassed spring wheat in North Dakota, according to USDA data. This year, the estimated corn production would outpace both spring wheat and durum wheat bushels.
The durum wheat crop, which is used for pasta, is pegged at just over 41 million bushels.
''I believe this is a trend that's going to continue in corn's favor,'' said Larimore farmer Jay Nissen, president of the North Dakota Corn Growers Association. ''I think producers are seeing the financial viability of corn versus other crops, especially young producers.''
Corn production has increased tenfold in North Dakota in the past 20 years, but no one believes corn will supplant spring wheat as North Dakota's staple crop. North Dakota leads the nation in spring wheat production every year, and farmers plant nearly three times as many wheat acres as corn.
There are other factors to consider, as well. A bushel of corn weighs about 4 pounds less than a bushel of wheat. And the value of the spring wheat crop is hundreds of millions of dollars more than that of the state's corn crop.
End quote
source: http://www.timesrepublican.com/page/content.detail/id/511573.html?nav=5001#
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