National Ag News
Illinois economist expects ’18 soybean acres to remain near record levels
Oct 31, 2017, 17:24 PM
by
System
An ag economist is forecasting 2018 U.S. soybean acreage to remain near record levels.
Todd Hubbs at the University of Illinois says the market is sending farmers strong signals to plant the equivalent of 2017’s historic 89.5 million acres.
“A lot of things can change between now and time for planting, but normally I look at what kind of price ratio we’re looking at between corn, soybeans, and maybe some other crops in the South that substitute.”
He tells Brownfield price ratios seem to favor soybeans, similar to the outlook last fall.
