American Farmers Will Plant More Acres of Soybean Than Corn This Year
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Soybean acreage in the U.S. this year will exceedcorn plantings for the first time in 35 years, according to agovernment survey, suggesting American farmers remain undeterredby possible Chinese trade sanctions.
Soybeans will cover 89 million acres in 2018, while corn may beplanted on 88 million acres, the U.S. Department of Agriculturesaid Thursday in a report in Washington. Plantings for both willdecline from a year ago, with USDA forecasts for each below thelowest prediction in a Bloomberg survey of analysts. Thegovernment's spring-wheat estimate topped all forecasts, with anexpected 12.6 million acres, up 15 percent from last year.