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Soybean Area Slipping Again
WASHINGTON - Mar 30/12 - SNS --Soybean planted area for 2012 is estimated at 73.9 million acres in the United States, down 1% from last year and down 5% from 2010, according to this year's seeding intentions report from the USDA.
Compared with last year, planted acreage intentions are down in many areas as some acreage is expected to shift to corn. Additionally, soybean acreage intentions in Kansas, Oklahoma, and Texas are down from 2011 due to drought conditions that have continued from last year into early March.
If realized, the planted area in New York and North Dakota will be the largest on record and the planted area in Pennsylvania will tie the previous record.
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