Farmers Intend to Plant Less Corn and Soybeans in 2018
Update: 2018-03-30
Description
U.S. farmers are expected to plant more soybean acres than corn but overall intentions are down slightly from the record year in 2017, according to the Prospective Plantings report released today by the USDA’s National Agricultural Statistics Service (NASS).
Producers surveyed across the United States intend to plant an estimated 89.0 million acres of soybeans and 88.0 million acres of corn in 2018. Soybean acreage is one percent less than 2017 and the corn acres are down 2 percent from last year. If realized this will be the lowest planted corn acreage since 2015.
Brian Basting, Advance Trading comments on Prospective Plantings
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