Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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China’s soybean imports reached a record high in August 2024, reflecting significant growth in the country’s demand for the oilseed, but meat imports declined.
USDA’s Economic Research Service (ERS) will provide an updated 2024 net farm income forecast on Thursday. Economists say the net farm income picture would look even worse it weren’t for improved livestock prices.
Agricultural imports are expected to reach a record $212 billion, up $8 billion from FY 2024. This increase is largely due to rising imports of horticultural products, sugar and tropical products.
U.S. corn prices hit a four-year low as the prospect for record corn and soybean crops takes shape in the field. The eroding outlook also appeared in the August Ag Economists’ Monthly Monitor.
A new Kansas City Fed report shows farm incomes continued to weaken, particularly in crop-heavy states like Kansas, Missouri, and Nebraska, while cattle prices provided some support.
USB support helps the U.S. pork industry take advantage of opportunities to grow global market share.
Hogs Bounce Off Contract Lows
The latest Ag Economists’ Monthly Monitor, a survey of nearly 70 ag economists from across the U.S., shows the lack of exports, as well as the current crop prices, are eroding outlooks on the crops side. While strong beef demand and cheaper feed prices are creating more optimism in cattle.
USDA’s World Agricultura Supply and Demand Estimates for October project higher ending stocks for corn and wheat. Soybean use is unchanged.
Super Bowl fans in Illinois will be able to cheer on some familiar faces in a commercial during the big game on Sunday. Illinois pork producer Chad Leman says the commercial is all about communicating trust in farmers.
The survey uses records from ag retailers to measure the use of cover crops, nutrient management and conservation tillage and no-till by Iowa growers.
Brazil is seeing a sudden shift in weather with heavy rains now forecasted over the next two weeks. While it will bring relief to drought areas, it could cause harvest delays and issues planting the safrinha corn crop.
The National Drought Mitigation Center estimates 67% of corn and 60% of soybeans are still considered to be in drought, a slight improvement from last week when drought covered 70% of corn and 63% of soybeans.
USDA released a few big surprises in the June acreage report, including a spike in corn acres and a large reduction in soybean acres. The agency also forecasts grain stocks below trade expectations.
The Ag Economists’ Monthly Monitor is a new survey of nearly 50 economists. Most ag economists agree the next 12 months could produce more financial pressure for agriculture, but their views vary depending on commodity.
Drought is deepening across the Midwest with 64% of the corn crop and 57% of the soybean crop across the U.S. now covered in drought, a sizable jump in just a week after NASS showed a historic drop in condition ratings.
Drought continues to deepen its grip across the Corn Belt, with Iowa and Illinois seeing large jumps in the moderate and severe drought categories. Now, more of the U.S. corn and soybean crop is covered in drought.
When a pair of Midwest farmers dropped a backhoe bucket 8’ below mature soybeans, they made one of the most unlikely scientific discoveries of the 21st century—a woolly mammoth.
China’s soybean acreage may only slightly increase this year, an official said on Thursday, suggesting output is unlikely to match last year’s jump due to soft prices.
U.S. pork and beef exports contributed an estimated total economic impact of 15% per bushel to the value of corn and 13% per bushel to soybeans in 2022, study results find, released by USMEF.
What will the next decade hold for your farm? What factors should you use to weigh investments or crop planning? Here are five trends and data sets to ponder from USDA’s latest Agricultural Baseline Projections.
The 44th annual World Ag Expo 2011 will take place Feb. 8 to 10 at the International Agri-Center in Tulare, Calif., with 1,600 exhibitors on 2.6 million sq. ft. of show grounds.
New research shows soybean meal has more energy content than originally thought. This is good news for pig farmers and soybean growers. Here’s why.
Wiesemeyer says “you don’t spend some $300 million on these [soybean crushing] plants without a solid foundation of a market in the future.”
USDA currently pegs soybean plantings at 87.5 million acres. Market analysts offer projections both above and below that number and explain their rationale, which includes the South America crop and weather forecasts.
When Illinois corn and soybean farmer Doug Downs started fueling up his combine on Nov. 7 and saw a note on the combine door, his heart sunk.
Farmers need more space to grow crops to meet mounting demand for food and renewable fuel at a time of slowing growth in yields, consultancy AgResource said on Tuesday.
Dean Meyer depends on red meat exports in more ways than one. On his farm near Rock Rapids, Iowa, he grows corn, soybeans, cattle and hogs. A new study backs up why red meat exports help corn and soybean farmers.
China is taking in record amounts of soybeans from the U.S., Brazil as its hog population recovers from ASF that began nearly three years ago, but import expansion into the next marketing year might be minimal.
Soy in livestock diets is traditionally evaluated on one metric: crude protein. Recent research shows that may not be the best indicator for meeting nutritional needs of livestock. How can you discern those differences?