date:Jun 29, 2012
analysts said.
Key factors behind the acreage numbers include how many farmers switched to planting soybeans instead of corn due to high soy prices, and how many farmers intended to plant double-crop soybeans, or soy crops planted immediately after a wheat harvest. Analysts expect a boost to soy acreage since an early wheat harvest made it easier than normal for farmers to double-crop, but also say growing drought conditions may have discouraged many farmers from going through with double-cropp