According to the prospective plantings report, farmers intend to plant more overall acres this year. However, the corn and soybean acreage came in lower than what the trade expected. The 2021 corn acreage is projected to be just one percent larger than last year. The planted area for corn is down four percent in Illinois, Indiana and Ohio; down three percent in Iowa and Nebraska. Minnesota corn acres are unchanged from last year. It’s another story in the Dakotas with South Dakota corn acreage up 13 percent and North Dakota acres projected to be up 69 percent from one year ago. USDA’s forecast calls for a five percent increase in the planted area for soybeans nationwide. Iowa and Illinois farmers are expected to bump soybean acres four percent. Nebraska is up six percent and Minnesota is up five percent. Soybean acres in South Dakota are projected to increase 15 percent from last year and the planted area in North Dakota is predicted to be up 22 percent.
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