date:May 15, 2012
rmers, it is certainly possible to see that magnitude of acreage shifts when USDA releases their next acreage update on June 29, Hurt says.
Any soybean acres more than those projected earlier this year will likely come in parts of Iowa, Wisconsin and the Dakotas, areas where fewer acres have been planted, Hurt says. Still more acres could come from double-cropping with wheat.
In some form, the market would like to see 2-3 million acres shifted out of corn and spring wheat into soybeans, he say