A market analyst says it’s unclear what happened to the soybean acres that didn’t get planted in the United States this spring.
In USDA’s June Acreage Report, the agency said soybean planted area was 83.5 million acres, a drop of 4 million from USDA’s March guess.
There were declines in soybean planted acres across several states including Arkansas, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Missouri, Nebraska, Ohio, Tennessee and Wisconsin.
Tim Marsh with Summit Commodities says farmers planted other commodities, including sorghum, barley and rice, but that still doesn’t account for all the lost acres.
