Source: Todd Hubbs, FARM DOC DAILY, UNIV. OF ILLINOIS, 1/28/19


We have reached the time of the year where speculation about acreage for the 2019 crops begins in earnest.  While the number of acres planted to soybeans appears set to decrease, current projections indicate an intention to plant significantly more acres than necessary to reach breakeven prices in Illinois under current consumption and stock level forecasts. Projections by industry analysts place 2019 soybean planted acreage in a range from 84.5 to 86.5 million acres.  A reduction in soybean acreage from the 89.1 million acres planted in 2018 seems probable.  We currently project soybean planted acreage at 85.7 million acres.  

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