Seed & Chemical
U.S. corn craze over
July 2, 2014 - The United States Department of Agriculture (USDA) says U.S. farmers planted the largest soybean crop ever this year, while a corn craze appears to have popped.
Demand for ethanol fuelled high corn prices, so farmers opted to grow it year after year, depleting their soil.
Many farmers indicated this year, however, that they would return to their corn-soybean crop rotation to replenish nitrogen in the soil and take advantage of the increased profitability of soybeans.
About a third of the U.S. soybean crop is exported to China where there's a large demand for soybeans to feed hogs, poultry, and dairy cows. (AP)
July 2, 2014 By The Canadian Press