# US farmers opt for soy to limit losses as all crop prices slump | Reuters

> US farmers are shifting acreage toward soybeans to limit losses as prices for all major crops slump. Analysis cited by Reuters says processor demand will not offset historically large global supplies.

- Date: 2024-06-04 · published 2024-06-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29783-us-farmers-opt-for-soy-to-limit-losses-as-all-crop-prices-slump-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Heavier US soybean plantings and large global stocks point to lower soybean and meal prices, while weak farm incomes could affect future feed demand.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-farmers-opt-soy-limit-losses-all-crop-prices-slump-2024-06-04/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.