USDA currently pegs soybean plantings at 87.5 million acres. Market analysts offer projections both above and below that number and explain their rationale, which includes the South America crop and weather forecasts.
The big-picture trend for U.S. wheat is clear. The U.S. continues to plant less and less wheat, which is combined with higher international competition.
After the dizzying heights of $1.21 per pound in 2021, the Cotton Belt could see 12 million acres in 2022, and possibly more, contingent on a mercurial La Niña.
