Dumping Crop Plan After Soy Rally Leads to Record U.S. Planting

  • No-brainer with soybeans earning $100 more per acre than corn
  • Rising world demand, fewer Brazil exports boosting U.S. profit

The price rally made switching a no-brainer for farmer Steve Stotz. A week before planting began across the U.S. Midwest last month, Stotz realized he’d earn $100 more per acre with soybeans than with corn. So, the 63-year-old ditched his crop plan and increased soybean acreage by more than a third on land he had previously intended to use for corn.

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