Soybeans
A once-a-century drought has lowered the water level of Argentina’s main grains transport river, reducing farm exports and boosting logistics costs in a trend that meteorologists said will likely continue into 2022.
China’s buying spree continued Wednesday with USDA confirming a a sale of 132,000 metric tons for delivery to China during the 2021/2022 marketing year. The five-day buying spree supported soybean prices.
Muted market action Friday followed a day where positive prices were posted across the CME. As farmers enter a month that could produce more volatility, analysts say the major market moving factor is the same.
Buoyed by strong demand, Brazilian farmers are poised to expand their soybean area for the 15th consecutive year, a survey by agribusiness consultancy Datagro released on Friday showed.
Southern farmers are battling an infestation of fall armyworms. From hay fields to soybeans and rice, armyworms are causing severe damage. And now, Arkansas farmers have one more option to control the pest in rice.
July rains calmed some concern about the corn crop this year, but between crop conditions, weather issues and other factors stirring in the markets, analysts say soybeans may still have a bullish story this summer.
While a rush to judgment is underway, Extension and company representatives say report suspected herbicide drift damage to state pesticide agencies.
Bean planting populations of 190,000 to 220,000 in washed out areas can help keep weeds from taking over.
Digging the depth of the lower Mississippi from 45’ to 50’ could generate an extra $461 million annually for the U.S. soybean industry.
As USDA prepares to post its June 30 planted acreage report, the trade expects U.S. acres to increase. Farmers from Michigan to Mississippi weigh in on how much their planting plans did or didn’t change since March.
After corn fell to one-month lows on Tuesday, corn prices clawed back on Wednesday, and soybean prices continued to slip. AgriTalk explains why China and 2021 crop potential continue to be the key fundamentals at play.
From a weakening basis to concerns about falling demand, soybean prices slipped on Friday, hitting a one-month low. AgriTalk’s Chip Flory digests the slipping soybean prices and what it means for the week ahead.
U.S. soybean oil futures rallied to a record high on Monday, with tight supplies in focus due to strong demand from the biofuel sector as drivers return to roads following COVID-19 related shutdowns.
Soybean prices saw the largest single-day drop in history on Thursday. Prices crashed vigorously, with July and August soybeans down more than $1 on Thursday. This tops any one-day record for a deferred contract.
Thursday’s historic price loss was spurred by weather forecasts, but it wasn’t the only factor that fueled the drop. As prices clawed back Friday, analysts say it will take multiple factors to see higher highs.
Corn prices closed in the green Tuesday, but old crop soybean prices were under pressure again. AgriTalk host Chip Flory digested Tuesday’s market action with Joe Vaclavik of Standard Grain.
It can be difficult to decide when to tear out a field and start over. Get Farm Journal Field Agronomist Ken Ferrie’s recommendations here.
Chicago Board of Trade soybean futures jumped 1.8% on Tuesday, surging above $16 a bushel for the first time since September 2012 as traders focused on prospects for tight supplies until late 2022.
ADM plans to build a soy-crushing facility and refinery in North Dakota to meet increasing demand for food and renewable fuel.
Freezing temperatures, frost and cold weather are testing theories about the yield benefits of ultra-early planted soybeans. Agronomist Missy Bauer says soybeans are surprisingly hardy.
In a venture to produce cleaner energy, big oil is turning to soybean oil. In April, Phillips 66 announced an investment in a soybean-processing plant in Iowa.
As old crop soybean prices soared past $15 this week, experts say there is concern about a shortage of soybeans with emotion and lack of farming selling providing fuel for the markets this week.
U.S. farmers are facing a changing scenario this year. From wet conditions impeding planting in 2020, to now drought concerns creeping in, one analyst thinks weather could be a major market mover in 2021.
The latest drought monitor shows a dramatic shift. A year ago, 100% of the state was drought free. And today, 100% of North Dakota is seeing some level of drought; a concern for farmers who fear drought will linger.
China’s soybean imports almost doubled in March from levels in the same month a year earlier, data from customs showed on Tuesday, as cargoes of beans from top exporter Brazil cleared customs after delays.
USDA’s Foreign Agricultural Service forecasts Brazilian producers will expand soybean planted area to reach 40 million hectares in the 2021/22 season, up from the estimated 38.5 million ha planted in the 2020/21 season
Before you hook up the planter, consider these tips and recommendations that can help you think through the planting process and implement sound decisions.
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.
Lingering impacts of the 2020 derecho could play into the 2021 acreage battle. An Iowa State agronomist says farmers could face more volunteer corn, and soybean herbicides may be the best option to control the issue.
This is the first season for full-scale commercial use by U.S. and Canadian farmers of the technology.