For 2019, USDA predicts U.S. farmers will plant 92 million acres of corn, which is a 3.3% jump from last year. Alternatively, farmers will plant 85 million acres of soybeans, which is down 4.7% from last year, as shared this morning by USDA Chief Economist Robert Johansson. With the large overhang in soybean stocks, soybean area needs to adjust to work down record large soybean carry-in stocks. As a result, soybean area is expected to fall 4.2 million acres, to 85 million acres in 2019,” says Johansson, who spoke at USDA’s 2019 Agricultural Outlook Forum in Arlington, Va.

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