The USDA expects farmers to plant more soybeans and less corn in 2022.
Matt Bennett with AgMarket.Net tells Brownfield the Prospective Plantings report showed corn acres down 4 percent and soybean acres up 4 percent from 2021. “There’s no question that this corn situation has changed after this report into a more friendly tone. Need to buy acres potentially as far as swing acres whereas soybeans it’s basically the polar opposite discussion.”
USDA pegged corn at 89.5 million acres and beans at a record 91 million acres.
