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Monsanto's Roundup Ready soybean | Photo courtesy of Monsanto

Soybean planting hits record high as corn falls short of estimates



Soybean planting rose to record levels this spring as U.S. farmers planted fewer acres of corn than initially anticipated by the U.S. Department of Agriculture.

Farmers sowed 88.9 million acres of corn, the nation’s biggest crop. That was less than the 89.2 million projected by the Agriculture Department on March 31. Soybeans, meanwhile, were seeded on 85.1 million acres, higher than the March estimate of 84.6 million.

Wheat plantings are estimated at 56.1 million acres, and cotton was seeded on 9 million acres, according to Agriculture Department.

Warm, wet weather has affected planting this spring throughout much of the U.S.

Read more from Bloomberg

 

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