# Look for profit, not price in market decisions

> Extension economist Ron Smith comments on the June 30 USDA acreage report, which showed corn planted at 92.006 million acres, down 4.984 million from March, and lower cotton and wheat acres. He advises farmers to focus on profit rather than price in marketing decisions.

- Date: 2020-07-09 · published 2020-07-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/52225-look-for-profit-not-price-in-market-decisions
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

The larger-than-expected corn acreage cut lifted December futures about 25 cents, a supportive signal for feed grain prices.

## Read by commodity

- CSM: neutral
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-07-05 | [Impacts and Repercussions of Price Increases on the Global Fertilizer Market](https://feedsoft.ai/events/40415-impacts-and-repercussions-of-price-increases-on-the-global-fertilizer-market.md) | +1.9% | -14.6% |
| CORN | 2019-05-06 | [Trade tensions, prices weigh on farm decisions - Texas Farm Bureau](https://feedsoft.ai/events/59152-trade-tensions-prices-weigh-on-farm-decisions-texas-farm-bureau.md) | -3.2% | +10.5% |
| CORN | 2024-05-12 | [Key data in USDA's May 10 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/30218-key-data-in-usda-s-may-10-wasde-report-and-difference-from-market-expectations.md) | -0.0% | +0.5% |
| CORN | 2021-02-12 | [FAO Food Price Index rises in November](https://feedsoft.ai/events/9251-fao-food-price-index-rises-in-november.md) | -1.6% | +3.1% |
| CORN | 2022-08-12 | [Key data in USDA's August 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/39958-key-data-in-usda-s-august-12-wasde-report-and-difference-from-market.md) | -0.7% | -1.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/look-for-profit-not-price-in-market-decisions

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