February 25, 2019

USDA: Corn to be king again in 2019

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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