# With fertilizer costs high and seeds scarce, U.S. farmers turn to soy | Reuters

> Reuters reports that U.S. farmers are turning to soybeans because high fertilizer costs and scarce seed make corn less attractive. The article text is truncated and gives few specifics.

- Date: 2022-02-23 · published 2022-02-23T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/42759-with-fertilizer-costs-high-and-seeds-scarce-u-s-farmers-turn-to-soy-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A shift from corn to soybean acreage would reduce expected corn supply and lift soybean and soymeal balances, while high fertilizer costs signal tighter input economics.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-11-29 | [Mexico open to deal with U.S. on GMO corn as farmers demand clarity over ban \| Reuters](https://feedsoft.ai/events/38650-mexico-open-to-deal-with-u-s-on-gmo-corn-as-farmers-demand-clarity-over-ban.md) | -3.8% | +0.6% |
| CORN | 2022-03-25 | [China's hog farmers face long slog in return to profit \| Reuters](https://feedsoft.ai/events/42289-china-s-hog-farmers-face-long-slog-in-return-to-profit-reuters.md) | +3.5% | +8.4% |
| CORN | 2021-08-31 | [Blow for farmers as costs of feeds hit record high \| Daily Nation](https://feedsoft.ai/events/45679-blow-for-farmers-as-costs-of-feeds-hit-record-high-daily-nation.md) | -4.6% | -8.1% |
| CORN | 2022-03-02 | [Waive fertilizer dumping duties, corn farmers ask](https://feedsoft.ai/events/42257-waive-fertilizer-dumping-duties-corn-farmers-ask.md) | +1.5% | +6.2% |
| CORN | 2020-10-22 | [U.S. soy futures firm to highest since 2016, corn hits 14-1/2-month high](https://feedsoft.ai/events/5719-u-s-soy-futures-firm-to-highest-since-2016-corn-hits-14-1-2-month-high.md) | +1.6% | +11.5% |
| SOY | 2021-10-11 | [Brazilian farmers also see fertilizer costs double](https://feedsoft.ai/events/44891-brazilian-farmers-also-see-fertilizer-costs-double.md) | -2.0% | -4.1% |
| SOY | 2021-06-18 | [Reuters: China scoops up U.S. soybeans on price plunge - Pro Farmer](https://feedsoft.ai/events/46429-reuters-china-scoops-up-u-s-soybeans-on-price-plunge-pro-farmer.md) | +3.1% | +9.4% |
| SOY | 2020-10-22 | [U.S. soy futures firm to highest since 2016, corn hits 14-1/2-month high](https://feedsoft.ai/events/5719-u-s-soy-futures-firm-to-highest-since-2016-corn-hits-14-1-2-month-high.md) | -1.4% | +9.7% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/with-fertilizer-costs-high-seeds-scarce-us-farmers-turn-soy-2022-02-23/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.