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.

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