New York Times: U.S. Farmers Plan a Record Soybean Planting
American farmers expect to plant 88.8 million acres of corn — the second-largest acreage since 1946 — and a record 78.1 million acres of soybeans in response to high prices for the crops, the government said on Wednesday.
While the survey results point to the prospect of bumper crops, the acreage figures were slightly below trade expectations of 89.2 million acres for corn and 78.5 million acres of soybeans.
With normal weather and yields, the planting intentions would result in a corn crop of 13.1 billion bushels, roughly equal to the record set last year, and a soybean crop of 3.3 billion, just under the 2009 record, according to Reuters calculations.
Delta Farm Press: Soybean Seed Quality Good
“The seed companies are saying there will be plenty of quality seed, and the seed division of the Arkansas State Plant Board reports the soybean seed quality for the state is good as well” says Jeremy Ross, soybean agronomist with the University of Arkansas Cooperative Extension Service.