USDA expects more corn, fewer soybeans

USDA expects more corn, fewer soybeans

U.S. farmers are expected to plant about 90 million acres of corn in 2016, up 2 million from 2015, and 82.5 million acres of soybeans, or slightly less than last year, the U.S. Department of Agriculture said at its annual Agricultural Outlook Forum.

Those changes, coupled with expected lower yields for both crops, should put production at 13.825 billion bu. for corn, the largest since the 2014 harvest, and 3.81 billion for soybeans, the smallest si

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