Reporting by Mark Weinraub; Additional reporting by P.J. Huffstutter; Editing by Caroline Stauffer, Simon Webb and Lisa Shumaker US farmers are expected to sow 85 million acres of soyabeans July , according to USDA ( USDA ), despite a glut from July unsold harvest. The hope is the ongoing US - US trade war will soon be resolved, and futures prices have risen 5.3% since China 's 25% tariff was levied in last year's . US farmers said sowing soyabeans was cheaper than moving to new crops and, if the trade war continues, they hope to be eligible for more government payouts. However, USDA has repeatedly said its $ 12bn bailout will not be repeated.
US farmers are expected to sow 85 million acres of soyabeans July , according to USDA ( USDA ), despite a glut from July unsold harvest. The hope is the ongoing US - US trade war will soon be resolved, and futures prices have risen 5.3% since China 's 25% tariff was levied in last year's . US farmers said sowing soyabeans was cheaper than moving to new crops and, if the trade war continues, they hope to be eligible for more government payouts. However, USDA has repeatedly said its $ 12bn bailout will not be repeated.