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Soybeans Could Dethrone Corn as U.S. Crop King After 35 Years

  • Soy acres may exceed corn for first time since 1983: survey
  • USDA to release its acreage estimates at forum this week
Soybeans stand in a field near Princeton, Illinois.
Photographer: Daniel Acker/Bloomberg
Updated on

For the first time in 35 years, soybeans are poised to steal the crown of U.S. crop king from corn.

American farmers are set to increase their soy plantings to a record 90.69 million acres, according to the average estimate in a Bloomberg survey of 21 trading firms and analysts. Corn sowings are forecast to drop to 90.12 million. The last time soy surpassed corn was 1983, when government payments were based on idling acres.