US Corn Planting Seen Down as War Drives Up Fertilizer Costs
US corn and wheat plantings are expected to drop as the war with Iran inflates fertilizer costs. Farmers are shifting to soybeans to maintain profit margins.
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Agriculture across the United States is facing a significant shift in planting intentions as the conflict involving Iran and Israel continues to disrupt global markets. Farmers are expected to reduce corn acreage in favor of Soybeans due to the soaring costs of fuel and fertilizer. Analysts suggest that the upcoming government report will reflect the lowest quantity of spring Wheat planted since 1970, as low grain prices and high production expenses squeeze profit margins.
