corn and soybean growing states of the Midwest had greater profit potential with corn, the strong market driven largely by increasing demand from the ethanol industry. Corn prices surpassed $8 a bushel in August 2012, when a drought that gripped much of the nation reduced the supply of corn amid high demand.
In South Dakota, farmers planted 4.8 percent fewer corn acres and 6 percent more soybean acres this year, the USDA said. North Dakota corn acres fell 20 percent, while soybean acres jumped 29 percent.
Farmers planted 84.8 million acres of soybeans, which was almost 11 percent more than last year's 76.5 million acres. Among the states that planted record amounts of the crop were Minnesota and South Dakota.
Soybean prices, however, have mostly climbed since 2012, from around $13 to nearly $14 per bushel.
Corn was planted on 91.6 million acres, which was almost 4 percent less than last year's 95.4 million acres. soybean crop is exported to China, where there's a large demand for soybeans to feed hogs, poultry and dairy cows.
Even with reduction in corn planting, it will still be the fifth largest corn acreage planted since 1944, the USDA said.
Many corn and soybean growing states have seen a stormy spring and too much rain has left some fields drenched and water pooling. That impact is yet to be seen, but it could cut into the actual number of corn and soybean Asics Gel Lyte Evo Samurai For Sale acres harvested this fall.
In Nebraska, soybean acres are up 12 percent, while corn is down 6.5 percent.
Soybean plants also are faring better than average with to 83 percent emerged by June 15, with progress equal to or ahead of the normal pace in 14 of the 18 major growing states, the USDA said.
Corn prices declined throughout last year, to below $5 per bushel. They saw a brief increase to above $5 in April but since then have fallen $1 and remain around $4.20
Department of Agriculture said Monday.
"Farmers are going to grow what's most valuable to them and corn and soybeans work a little bit better than wheat in that area right now," Scott said.
Many farmers indicated this year that they would return to their corn soybean crop rotation to both replenish nitrogen in the soil and take advantage of the increased profitability of soybeans.
which often decreases the per acre yield of the crop because it doesn't allow the soil to recover. Corn needs an abundance of nitrogen in the soil to flourish, and soybeans increase nitrogen levels in soil. Insect problems, including corn rootworms, also can increase when corn follows corn in a field, increasing chemical costs.
The USDA reports that 76 percent of the corn crop is in good to excellent condition, compared with 63 percent last year.
As corn prices remained strong, farmers planted more acres to take advantage of higher profit. Some farmers strayed from the common practice of rotating fields from soybeans one year to corn the next. For a few seasons, some planted corn followed by corn, Silver Asics Gel Lyte Iii
The change in planting also was because of a drop in corn prices and rise in soybean prices.
on corn. It's a tough thing to handle," said Kevin Scott, who farms 2,500 acres in corn and soybeans near Valley Springs, about 15 miles east of Sioux Falls.