Report Snapshot
At its Agricultural Outlook Forum in February, the USDA estimated 87.5 million planted acres of soybeans in 2024, which threw the market a slight curveball. The estimate would represent the third-largest soybean acres on record and the ninth-largest year-over-year (YOY) increase since 1980.
Many have asked if soybean acres can really hit the USDA’s initial estimate and take a bite out of King Corn’s acreage.
Moreover, the difference between corn and soybean acres would be the seventh narrowest since 1980. In my conversations with farmers, mostly across the western portion of the corn belt, many have asked if soybean acres can really hit the USDA’s initial estimate and take a bite out of King Corn’s acreage.
Continue reading report at TerrainAg.com.
Terrain™ content is an exclusive offering of Farm Credit Services of America, Frontier Farm Credit and American AgCredit.
While the information contained in this site is accurate to the best of our knowledge, it is presented “as is,” with no guarantee of completeness, accuracy, or timeliness, and without warranty of any kind, express or implied. None of the contents on this site should be considered to constitute investment, legal, accounting, tax, or other advice of any kind. In no event will Terrain or its affiliated Associations and their respective agents and employees be liable to you or anyone else for any decision made or action taken in reliance on the information in this site.
