A recent survey indicates U.S. producers could have a second record year for soybeans.
The survey, conducted by Allendale, interviewed soybean farmers in 26 states and shows current production estimates totaling 4.4 billion bushels, which is tied with totals from 2021 of 50.86 bushels per acre.
Experts say much-needed rainfall in key growing areas helped stabilize crop conditions.
Related:
Soybean exports to have a strong start this year, but it’s not the same for overall exports
Iowa’s soybeans are meeting international demand
Soybeans are projected to take over corn in the upcoming acreage report, third time in history
