U.S. farmers plan to plant less corn as Iran war hits fertilizer supply

U.S. farmers plan to plant less corn and more soybeans in 2026 than last year, the U.S. Department of Agriculture said, as the Iran war drives up fertilizer and fuel prices in the latest blow to the struggling agricultural sector. The agency published on Tuesday its first survey-based crop acreage estimate of the year in a prospective plantings report, along with quarterly U.S. grain stocks data. Analysts cautioned that plantings estimates, gleaned from farmer surveys conducted in the first half of March, could not fully account for disruptions and price impacts caused by the war. The agency may further reduce…