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Profit, Acres Shift Between Corn & Soybeans

USDA is projecting 2020 shift to more corn acres and fewer soybean acres across US

When compared to 2018 plantings, the USDA is projecting a 2020 shift to more corn acres and fewer soybean acres across the United States.

According to a report at Illinois Farmer Today, projecting this shift across the U.S. seems reasonable. Most of those shifts, however, will likely occur outside of the Corn Belt.

For corn and soybeans, the USDA is projecting higher acreages in 2020, partly because 2019 acres were reduced because of prevented plantings.

Corn is expected to increase 4 million acres from 90 million acres in 2019 to 94 million acres in 2020. Soybeans are projected to increase by 9 million acres, from 76 million in 2019 to 85 million in 2020.

Read the full report here.

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