What are the Break-Even Prices and Yields when Comparing Corn and Cotton for 2007?

The corn and soybean markets have been bidding for acreage due to a bullish final crop report for 2006. With biofuels creating new markets for corn and soybeans, this demand-driven market may continue to provide marketing opportunities. Currently, the major decision facing producers is determining the enterprise mix for 2007. This memo compares the Returns over Variable Costs for corn and cotton and analyzes the break-even yields and prices for non-irrigated and irrigated production.