Some farmers are shifting acres from corn to soybeans this year, a reversal that reflects the coronavirus pandemic’s broad impact on demand for many agricultural products. U.S. farmers grow corn and soybeans to feed people and livestock, and corn for the same reasons as well as to make ethanol. Demand for ethanol has evaporated as energy prices have plummeted, with people staying home around the world. A corn byproduct of ethanol production is also a top livestock feed, prompting some hog-and-cattle farmers to buy more soybeans...

Source: Wall Street Journal May 12, 2020 18:03 UTC