Acreage shift to soybeans
Farmers in the U.S. will plant more soybeans than corn starting in 2019, the U.S. Department of Agriculture (USDA) said, and that should continue due to growing domestic and global demand for soybeans, the report said.
“These projections are the first in history where soybean acreage is expected to eclipse corn acreage,” the USDA said in its projections last fall. The projections will be updated this week at the USDA’s Ag Outlook Forum. The outlook projects higher prices for corn and soybeans, too.
“Marketing year ...
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