Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Bryan Doherty, Total Farm Marketing, says corn ended lower on a combination of profit taking and farmer selling after running into chart resistance.
On a harsh winter day in 2018, Robbie Polk chanced upon a dinosaur suspended in ice.
When Wayne Cryts stole his own soybeans from a bankrupt elevator, he triggered the wrath of a government hellbent on his imprisonment.
How Low Will Grain Prices Go?
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.
Soybeans Make New Lows....Again and Pull down Corn and Wheat
Grains Trade Weather and China Economic News
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.
After years of letting negativity and discouragement hold him back from full-time farming, the first-generation Kentucky farmer decided to take a leap of faith.
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.
With larger-than-expected yield revisions to both corn and soybeans, it leaves one burning question: which states grew such big yields in 2023? USDA NASS released maps and charts to help answer that.
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.
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.
Heat and dryness in the forecast drove price action as traders prepared for the July 4 break.
Get your day started with a brief rundown of key news.
Wiesemeyer says “you don’t spend some $300 million on these [soybean crushing] plants without a solid foundation of a market in the future.”
Jon Stevens is an agriculture heretic: “Don’t argue with me about the awesome changes I’ve seen on my ground. You can argue with my logic and how I arrived there, but not the results.”
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.
Shed hunting is a late winter and spring sport for millions of landowners and outdoorsmen in the United States, yet, few hunters can match Jimmy Cassell’s consistent totals or antler size. The search for sheds never gets old for Cassell, even after 30 years and over 1,500 specimens.
Loss and risk are an assumption in farming; devastation is not. Crops in the Dakotas and Montana are baking on an anvil of severe drought and extreme heat, as growers and ranchers make difficult decisions regarding cattle, corn and wheat.