The latest estimate from USDA pegged 2018 soybean planted acreage at 89.6 million acres.
A report at Ag Web says while that was a 1 million acre drop from 2017, soybean acreage still surpassed corn acres this year and is up more than 10 million acres this decade.
Purdue University agricultural economist Wally Tyner said as the trade war with China escalates, it’s those valuable soybean acres in the U.S. at stake. Tyner said the U.S. could lose 9 million acres of soybeans to Brazil permanently if the ongoing trade issues with China persist.
Tyner said Brazil is a low-cost soybean producer compared to the U.S., making it a more attractive option for big buyers like China.
