China recently announced it would end it’s corn stockpiling program and allow the market to set prices for the upcoming marketing year. Pro Farmer’s First Thing Today says many farmers are now considering shifting acres to soybeans, rice, and peanuts, which offer better returns. China hasn’t yet announced what level of subsidies it will provide corn growers. Analysts told Reuters that China would likely produce an additional two million metric tons of soybeans this year, with that number rising at a rapid pace in the years ahead. Experts predict up to ten percent of Chinese farmland will shift to soybean acres.