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Pulse Market Insight #266

Acreage Ideas for 2025

A lot of acreage decisions have already been made for the 2025 crop. Of course, prices play a large role but to some degree, crop rotations lock in most acres as factors like disease and weed control determine which crops can be planted and where. Input costs also influence decisions. Unfortunately, geopolitics and potential trade issues are causing much more uncertainty and risk this year, adding a whole new layer to the decision-making process for 2025.

We’re also hearing more discussion that under the stressed conditions in the last 2-3 years, some crops responded better while others were disappointing. It seems like this performance is shifting farmers’ opinions about which crops to emphasize and which ones to avoid. We’re also hearing that these differences are often local and could cause acreage swings within specific regions.

All these factors make acreage forecasts even more tentative than usual. For our acreage projections, we usually use the word “guesstimate”, admitting there’s as much gut instinct involved as there is hard analysis. With that disclaimer, here’s what we’re thinking for seeded area in 2025.

For pulse crops, acreage should remain solid in 2025. We’ve run some rough gross margin comparisons and received feedback from various sources. For the most part, it looks like pulses are viewed favourably and acres will increase or, at the worst, only decline slightly from last year’s high levels.

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Wheat Futures Head for the Moon on Escalating Drought Concerns

Video: Wheat Futures Head for the Moon on Escalating Drought Concerns


???? Wheat surges on drought: Prices jumped to multi-week highs as worsening dryness grips the Plains, with 70% of winter wheat in drought. Corn edged higher, while soybeans slipped.

??????? Mixed weather pattern: Rain improved parts of the Corn Belt, but drought worsened elsewhere—especially the High Plains and Kentucky. Nebraska conditions sharply deteriorated, with 56% in extreme drought.

????? Oil spikes on tensions: Crude climbed over 3% near $96 as Iran keeps the Strait of Hormuz restricted, while fragile ceasefires keep geopolitical risk elevated. ???? Pulses gain favor: Farmers are shifting to peas and lentils as a rare profit opportunity, driven by strong protein demand and lower input costs.

???? Exports mixed but solid: Corn sales dipped week-over-week but remain strong overall; soybean and wheat sales showed mixed trends, with steady global demand.