An early look at the numbers shows U.S. farmers could increase grain acres this year despite current prices.
The study by Farm Futures Magazine shows farmers appear to be lured by the late-year corn rally, but not everyone is on board. Pollsters say more than half of the people plan no change in their crop mix.
Soybean futures could also play heavily on the decision. More global supplies are expected this year which could further depress those prices.
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Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
Approximately 42,000 birds were affected in the outbreak, officials said.