date:Feb 21, 2014
With a soybean-to-corn futures ratio that favors beans, USDA expects a shift to larger soybean plantings in 2014. But that change will be part of larger crop acreage that won't decline much.
That's the early guess shared by Chief Economist Joe Glauber as the department's annual Outlook Forum began in Arlington, Virginia, Thursday.
Total acreage planted to corn, wheat, and soybeans is projected to be 227 million acres, a decline of 1.1 million acres, mostly reflecting a decline in soft red wint