Will Sir Soybean Take Acres From King Corn?

lush soybean field

Report Snapshot

At its Agricultural Outlook Forum in February, the USDA estimated 87.5 million planted acres of soybeans in 2024, which threw the market a slight curveball. The estimate would represent the third-largest soybean acres on record and the ninth-largest year-over-year (YOY) increase since 1980.

Many have asked if soybean acres can really hit the USDA’s initial estimate and take a bite out of King Corn’s acreage.

Moreover, the difference between corn and soybean acres would be the seventh narrowest since 1980. In my conversations with farmers, mostly across the western portion of the corn belt, many have asked if soybean acres can really hit the USDA’s initial estimate and take a bite out of King Corn’s acreage.

Continue reading report at TerrainAg.com.

Terrain content is an exclusive offering of Farm Credit Services of America, Frontier Farm Credit and American AgCredit.

While the information contained in this site is accurate to the best of our knowledge, it is presented “as is,” with no guarantee of completeness, accuracy, or timeliness, and without warranty of any kind, express or implied. None of the contents on this site should be considered to constitute investment, legal, accounting, tax, or other advice of any kind. In no event will Terrain or its affiliated Associations and their respective agents and employees be liable to you or anyone else for any decision made or action taken in reliance on the information in this site.


  • may-wasde

    Economic Updates

    May WASDE Projects Price Pressure

    The May 2024 WASDE provided the first projections of supply and demand for the new marketing year. If projections pan out, producers are looking at strong production for the 2024/25 marketing year, increased supply and lower prices for corn and soybeans.

  • herd of cattle feeding

    Economic Updates

    Terrain | Delayed Marketing Bolsters Cattle Feeders' Bargaining Position

    As fed cattle are given time to recover from a harsh winter, the beef will move into a stronger spring grilling market.

  • laptop with phone laying on top with screen open to graph

    Economic Updates

    Efficiencies on Farm, Ranch Key in Higher Rate Environment

    Economic data increasingly points to interest rates staying higher longer. Financial efficiency will be critical in the year ahead, and we step you through three ratios that will help you focus on the right areas of your farm or ranch.