Source: AGRI-PULSE, 2/23/17

Farmers are expected to produce nearly as many acres of soybeans as corn this year as growers respond to a relatively stronger increase in soybean prices, according to the Agriculture Department. Speaking today at USDA’s annual Agricultural Outlook Forum, the department’s chief economist, Robert Johansson, said farmers will likely plant 88 million acres of soybeans this spring, up from 83.4 million last year.

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