# CBOT soybeans bidding for 2023 U.S. acres in historic run-up versus corn  | Reuters

> In mid-October, November 2023 soybean futures traded 2.15 times December 2023 corn, a 10-year low for the date. The ratio has since held above 2.3 despite a three-week low on Wednesday.

- Date: 2022-12-22 · published 2022-12-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38280-cbot-soybeans-bidding-for-2023-u-s-acres-in-historic-run-up-versus-corn-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A high soybean-to-corn price ratio signals that farmers are likely to plant more soybeans and fewer corn acres in 2023, tightening corn supply and easing soybean supply relative to corn.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/cbot-soybeans-bidding-2023-us-acres-historic-run-up-versus-corn-2022-12-22/

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