Kansas farmers are expected to plant 4 percent less corn acreage this year, which runs counter to the expected bounty of corn planting nationwide — the highest acreage since 1937. I’m guessing farmers here are switching corn and soybean acres to wheat after the bad experience they had with the drought last year. The USDA also said that nationally existing corn stock is less than expected, so the price is going up for futures for existing stocks and down for future stocks. Wheat in Kansas is the big gainer, up 8 percent to 9.5 million acres. So far the winter wheat crop looks great, which could mean strong income for wheat farmers this year.
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