Prospective soybean planted acres a ‘stunner’

The prospective plantings report released March 29 sent ripples across the commodity trading floors and turned screens green. The U.S. Department of Agriculture report, based on farmer surveys, projected U.S. soybean planted acres of 89 million and 88 million corn acres. The USDA initially projected 90 million planted acres of both corn and soybeans in its Feb. 23 agricultural outlook forum.