Delayed seed shipments due to a cold spring and the planting of fewer corn crops were among the reasons cited by Monsanto for its 10 % Q2 drop in corn seed sales to $ 2.7bn . In contrast , the same period saw a 10 % uptick in soyabean sales to $ 912 m , as farmers switched to the crop earlier in the year . " It has n't been a normal spring , and because of that , I think we could see farmers trying to switch some of their corn acres to wheat , because you plant corn a month later " , said Bernstein senior economist Jonas Oxgaard .
Delayed seed shipments due to a cold spring and the planting of fewer corn hectares were among the reasons cited by Monsanto for its 6.2% Q2 drop in corn seed sales to $2.7bn. In contrast, the same period saw a 6% uptick in soyabean sales to $912m, as farmers switched to the crop earlier in the season. "It hasn't been a normal spring, and because of that, I think we could see farmers trying to switch some of their corn acres to soyabeans, because you plant soyabeans a month later", said Bernstein senior analyst Jonas Oxgaard.