Trade overshoots soy acreage mark again

Trade overshoots soy acreage mark again

March 31 planting report expected to show reduced corn acreage and increased soybean acreage.

THE U.S. Department of Agriculture's "Grains & Oilseeds Outlook," released in February, shocked the trade by projecting that U.S. farmers would decrease their planted acres of soybeans in 2015-16.

Commodity prices are lower, and the trade naturally expected that farmers would choose soybeans since beans have a lower cost of production. Last week, the trade predicted this same scenario, once

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