date:May 15, 2012
and fewer corn and spring wheat acres.
The supply side's not the only one to worry about right now, either, Hurt adds. Right now, China's buying enough soybeans on the export market to lend strength to the bean markets. Altogether, that's helping push the price advantage for U.S. farmers planting soybeans up to $78/acre higher than corn right now.
Knowing that farmers follow economic incentives and that the economic incentives for soybeans have sharply increased since the USDA last surveyed fa