U.S. Soybean Acres to Top Corn for the First Time Since 1983
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U.S. plantings of soybeans will exceed corn this year for the first time in 35 years, according to a U.S. Department of Agriculture survey.
Growers in the U.S. planted 89.6 million acres of the oilseed, while 89.1 million acres were planted in corn, the most valuable U.S. crop, according to data released Friday. Both were within the range of forecasts made in a Bloomberg survey of analysts. Farmers also planted 13.2 million acres of spring wheat, above the highest forecast.