Latest News From Soybeans

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.

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.

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.

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.

COVID-19 outbreaks are increasing governments' food-security concerns, and importers need U.S. corn and soybeans for the first time in a long time to meet demand.

Farm Journal Foundation releases e-learning resources to support U.S. educators and families.

On a harsh winter day in 2018, Robbie Polk chanced upon a dinosaur suspended in ice.

In four operations in Mississippi, Iowa and South Dakota, conservation agriculture and financial success are a wedded pair.

Will extended spring flooding impact the markets?

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.

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.

The U.S. Department of Agriculture is taking matters into its own hands, opening two more emergency programs for producers dealing with flooding in Nebraska.

The full financial impacts of 2019 flooding may not be known for months.

The full financial impacts of 2019 flooding may not be known for months.

When Smirnoff touted its No. 21 vodka as free from GMO corn, a Kansas farming couple swept Smirnoff products from the shelves of their liquor store. The result? A wave of support from farm country and beyond.

With Mega Millions at a record-high of $1.6 billion there are loads of possibilities for things that can be bought in agriculture.

Does feeding whole soybeans to growing or finishing cattle make economic sense?

Does feeding whole soybeans to growing or finishing cattle make economic sense?

Soybeans can be used as a protein supplement for beef cattle, as long as the beans are a small part of the cattle’s diet.

Who slashes farmland acreage by three-quarters, jettisons a machinery fleet, and upends field practices, yet watches profits rise by 70 percent? Meet Del Ficke and a less-is-more farming approach.

Who slashes farmland acreage by three-quarters, jettisons a machinery fleet, and upends field practices, yet watches profits rise by 70 percent? Meet Del Ficke and a less-is-more farming approach.

A checkoff war has farmers and livestock producers caught in the crossfire, and the ramifications could significantly impact the foundation of the beef and soybean checkoff system.

USDA anticipates net farm income to decrease nearly 7 percent from 2017 to $59.5 billion, the lowest number since 2006. Net cash farm income forecast to decrease down about 5 percent to $91.9 billion.

Beans were down for the week, off new highs but closing lower than a week ago which gave us some technical signals. That’s important says Jerry Gulke, president of the Gulke Group, here's why. 

What should have been good news for the grain and oilseed markets ended up having the opposite effect as we ended the week down, sharply down some cases says Jerry Gulke, president of the Gulke Group. 

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.

New proposal is big on complexity, short on clarity when it comes to redirecting funds 

Skepticism over record-breaking crop production estimates explains why the market shrugged off the “hugely bearish” USDA Aug. 12 report, according to Jack Scoville of the Price Futures Group.  

Grain futures were lower Thursday in early trading on the Chicago Board of Trade.

Agriculture prices are heading for the longest rally in four years, as adverse weather and rising demand finally help to reduce the outlook for global gluts of food supplies.

“The bottom line is that we ended an era and started a new one,” said Jerry Gulke, president of the Gulke Group in Chicago, speaking on Farm Journal Radio with Pam Fretwell. “We’ve ended 10 years of zero interest rates. ... That rodeo is over.”

Argentine President Mauricio Macri carried through on a campaign pledge by eliminating export taxes on agricultural goods including beef, wheat and corn while cutting a tariff on soybeans by 5 percentage points.

“I have never seen livestock and grains in my lifetime as negative as they are right now,” said Jerry Gulke, president of the Gulke Group in Chicago and a farmer in Illinois, speaking with Farm Journal Radio after the report.

Financial and political turmoil that put Brazil on the brink of a depression also is contributing to one of the best years ever for domestic farmers.

Farmers across the fertile pampas are getting ready to empty silo bags of corn and soybeans after years of withholding part of their crop in anger over tax policies.

It was a tough week in the cattle market with both live and feeder cattle futures marking new contract lows on what Jerry Gulke, president of The Gulke Group, says has been correction waiting in the wings.

Commodities turned in their worst monthly performance since September 2011.

Corn and soybean futures sharply extended their price pullback amid improved weather conditions and active fund selling.

Brookfield Asset Management Inc., Canada’s largest alternative asset manager, reportedly has raised $300 million for a new agricultural fund targeting Brazilian farmland.

But a new study of satellite imagery from Latin America suggests the rate of that growth may be downshifting.

By week's end, soybean futures were tuned into ongoing strong export demand and cattle traders were looking for higher cash trade.