WASHINGTON — USDA's Prospective Plantings report indicates that compared to 2014 farmers will plant more acres of soybeans but fewer acres of corn this spring.
According to the American Farm Bureau, the USDA raised its estimates on corn and soybean acreage from the numbers released at the annual USDA outlook forum in February. Prospective planting estimates for corn increased from 89 million acres to 89.2 million. Soybean estimates increased from 83.5 million to 84.6 million acres.
"The increase in corn was a bit of a surprise, and the market has not responded favorably," said John Anderson, American. . .
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