Floods and rain saw 11.2 million acres of corn go unplanted this year

In Washington, Farms.com reports that Farm Service Agency’s Crop Acreage Data Report data shows 11.2 million acres of land planned for corn this season went unplanted due to rain and flooding. Soybeans also suffered from the weather, losing 4.35 million acres. Despite the drop in corn numbers, analysts still expect corn prices to remain low due to other factors like the ongoing trade war with China and ethanol demand destruction. South Dakota was the hardest hit in terms of losses in both corn and soybean planting losses.