FWIW, around here, quite a few people were maybe 2/3 corn last year, and the few I ran into today thought they were going to be 50-50 until today, where they now would be considering 2/3 beans, 1/3 corn. This WOULD have the effect of raising yields, having no COC, but lower overall production.
IF soybeans hit $15, look out. Granted I am in the part of Nebraska, where things kind of swing either way, unlike some areas which either prefer corn, or prefer beans. In a dry year, the non-irrigated beans almost always have a better chance of trend, or at least 'average' yields, and this spring so far is looking to be very dry.
There is even talk of planting beans extra early, while there is still moisture in the ground, to get them going.
I'm with MT, beans just bought a few more acres, and it won't take too many more up days like this, to buy quite a few, unless corn follows suit.
