date:Jun 30, 2016
which is probably not attractive enough to some U.S. farmers, who may be hopeful of more profits from soybeans.
U.S. farmers may have increased soybean sowings to 83.8 million acres this year, up from the USDA's March estimate of 82.2 million acres, analysts said ahead of the release of the USDA's annual acreage report on Thursday.
As they switched to soybeans, U.S. farmers may have cut corn plantings to 92.8 million acres, from 93.6 million forecast by the USDA in March.
Corn is moving in an