Where Might Soybean Acres Change?

The combination of several years of outstanding crops and the trade dispute with China have pushed U.S. soybean stocks to record levels (and near record levels relative to use).  Given this situation, it is likely soybean acres will decline from last year.  Although current market prices are not providing an overwhelming signal for producers in states such as Indiana to switch from beans, we wondered where changes might occur in 2019.