USDA predicts record soybean plantings in 2017

USDA logoThe U.S. Department of Agriculture estimates that growers nationwide will plant a record 89.5 million acres of soybeans, up 7 percent from 2016, according to its March 31 prospective plantings report.

The report is based on surveys the USDA conducted in early March asking growers how many acres they plan to plant this season. A report with actual planted acres will be issued in late June.

Throughout the 13 Mid-South and Southern states, soybean acreage is expected to increase by about 6 percent this year.

Compared to some other regional commodities, such as rice, corn and milo, soybean prices are more attractive.

2017 soybean acres

Read the complete report at www.usda.gov.

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