SOYBEAN LEADER: Brazil Could Surpass U.S.
U.S. farmers have long been the leading producer of soybeans, but experts say that could change this year.
In 2012, the U.S. harvested more than 3-billion bushels of soybeans. Iowa State grain market specialist Chad Hart says Brazil is on pace to surpass that.
According to Hart, Brazil is dramatically increasing the number of acres used for soybean planting and the U.S. just can’t keep up.
The U.S. is still the leading producer of corn; Hart says that will likely remain the same in 2013.