Lingering dryness is impacting the livestock markets while an abundance of weekend rain is dragging down the grains.
The world’s soybean crop has grown by leaps and bounds since 1990, growing 231%. And “the U.S. and Brazil are in a neck-and-neck competition for the top spot,” according to ag economist David Widmar, writing for the Agricultural Economic Insights blog.
Strolling through shin-high soybeans, Ed Vitko has a refreshing view this summer. He planted 1,200 acres of dicamba-tolerant soybeans, and after spraying the new formulation of dicamba herbicide over the top of the soybeans this summer, he says the field is weed-free for the first time in years.
The Minnesota Department of Agriculture is investigating about two dozen complaints from farmers about a weed killer used on genetically modified soybean fields that can tolerate the herbicide.
A dome of heat is pushing its way across farm country as major grains see their worst condition ratings in nearly four years.
A trade delegation from China has signed contracts for 460 million bushels of U.S. soybeans worth more than $5 billion – a $1 billion bump from similar contracts signed a year ago.
Soy agreement is latest China-U.S. agreement in 100-day round.
A delegation of commodity importers from China signed the second largest soybean deal ever with the U.S. on Thursday. While some farmers are hopeful for future export opportunities, others have a more skeptical outlook.
Tennessee is the latest state to limit use of dicamba pesticide from Monsanto Co. This marks the fourth state to halt its use over claims of lost crops due to drift.