2018 should see less corn acreage worldwide—that according to U.S. market analyst Mike Zuzolo of Global Commodity Analytics. Acreage Fewer corn plantings and more soybean plantings seem likely to pressure soybean market prices lower. That, as the U.S. Department of Agriculture predicts record soybean acres in 2018 in the United States. Meanwhile, Zuzolo says soybean demand, which has been increasing, …
Soybean Acres May Surpass Corn Acres in 2018
Will U.S. farmers plant more soybeans next year? Some analysts say next year’s soybean acres will surpass this year’s record acreage of 88.7 million acres. The total number of acreage for soybeans in 2018 being discussed range anywhere from 86 to 90.5 million acres. The higher estimates could equate to more soybean acres than corn acres for the first time …
China Growing Less Corn as Acreage Drops
Farmers in China will plant less corn this season, resulting in the nation’s smallest crop in six years. A poll by Reuters finds that during the spring planting season, growers in China plan to cut corn acreage for the second straight year to 35.2 million hectares, the equivalent of roughly 85 million acres, 4.1 percent less than a year ago. …