Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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The bare-bones simplicity of chaff lining may offer farmers with resistant weed control for pennies on the dollar. Chaff lining is showing major promise in ongoing Iowa field trials.
On the low end, expect to invest at least $50 an acre in the Midwest and $85 in the South for products. Some corn and soybean farmers are evaluating adjuvants and management practices that could help trim expenses.
In Bob Lindeman’s soybean rows, planting populations are on a general decline, and the reduction is not about saving dollars up front, but on combatting mold and rot.
The biggest surprises included a 4-bu. reduction in corn yield and soybean ending stocks came in at 300 million bushels, which is 100 million bushels higher than trade estimates.
The next opportunity for USDA to adjust its corn yield forecast is next week during the July WASDE report. Currently, USDA has penciled in a 181.5 bu. per acre national yield, but analysts think it may be too optimistic.
Double-digit yield losses are not uncommon. To date, 14 Illinois counties have confirmed the disease, and it’s being scouted for elsewhere by seed company and Extension pathologists and agronomists.
In-field and classroom sessions will address making changes to your crop rotation, tillage systems or nutrient placement; managing early-planted soybeans; evaluating below-ground issues that impact corn yields; and more.
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.
The USDA reports provided a bullish surprise for soybeans with acreage down 4 million from the March intentions. Corn acreage was bearish coming in more than 2 million higher than March. Where did the shifts occur?
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.