Farmers may increase planted grain acres this year, early indications say

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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Foreign trade partners, such as China and the European Union, are still purchasing U.S. commodities, but are becoming more cautious as the Trump Administration’s tariff deadline approaches in August.

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