date:Mar 19, 2013
013. The McHenry, Ill.,-based forecasting firm said U.S. farmers will plant 78.32 million acres of soybeans. Allendale said the acreage forecast coupled with an estimate of 43.35 bus per acre, representing a trend-line yield, would place soybean production at 3.349 billion bus for the upcoming crop, compared with 3.015 billion bus produced in the current crop year.
Allendales forecast exceeded the U.S. Department of Agricultures baseline projections released in February that put soybean plantin