An ag economist says record stocks of
soybeans and the ongoing trade rift with China could be the drivers behind a
likely decline in acres planted to soybeans this year.
David Widmar with Ag Economic Insights
says Iowa, Illinois, and Minnesota grow the bulk of the nation’s soybean acres
and that isn’t likely to change.
He expects the biggest shift in acres
will come from the Western Corn Belt, where the acres planted to soybeans have
been on the rise. “North Dakota has
actually seen the largest change in soybean acres on an annual basis,” he
says. “Almost half-a-million acres on
average have changed. We also see Kansas
at 350,000 acres and Missouri at almost 400,000 acres.”
He tells Brownfield since the biggest shift will likely come in the Western Corn Belt, and the winter wheat and canola seedings report that comes out this Friday will offer some insight.
Continue reading A decline in soybean acres is likely, but where at Brownfield Ag News.
