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Fourth-Largest Soybean Crop Projected For 2020. What About Prices?

Dec 12, 2019 at 07:53 AM CST

Look for U.S. farmers to plant a large soybean crop next spring. In fact, USDA pegs the 2020 crop at 84 million acres, which would make it the fourth-largest soybean crop on record. Todd Hubbs says the number of soybean acres planted could total even more—closer to 85.4 million. His forecast is based on current market prices for soybeans, the outlook for other crops—including corn, cotton, wheat and small grains—rotational practices and various economic models.