Soybean News
The latest soybean commodity market news and insights for soybean producers and agribusiness.
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Many soybean producers say they get their best yields when they get the crop in the ground early, but that wasn’t the case this year. Pete Meyer of S&P Global says now farmers are seeing those ramifications.
As yield results start rolling in from the 25th annual Farm Journal Midwest Crop Tour (formerly Pro Farmer), farmers are watching markets in anticipation. Slight shifts from USDA Aug.1 predictions could impact corn and soybean prices.
More than 2,200 complaints with dicamba named as the suspect have been filed in the U.S. since the beginning of the 2017 season. In perspective, if various Extension experts’ estimate of 3.1 million U.S. acres of damage is accurate, that represents 3.5% of planted soybean acres, as of press time.
Do your soybeans stack up? Get to scouting to check for yield potential and identify areas of weakness to target next year.
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.
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.
As complaints about dicamba damage continue to trickle in, farmers, applicators, manufacturing companies and state employees are trying to get a handle on what’s going on.
With complaints rising across the countryside, certain U.S. states are taking action to manage suspected dicamba damage. Restrictions and out and out bans limit farmer and applicator options this season.
Arkansas farmers are waking up Tuesday morning to the first hours of the 120-day dicamba ban that went into effect overnight. Missouri farmers are on hold, and some are hoping the state ban is short-lived.
It seems as if many producers throughout The Corn Belt are dealing with a taxing crop year, from drought in the West to water in the East. For Northwest Ohio growers, this marks the third consecutive year of weather challenges. USDA says 56 percent of Ohio’s corn crop and 58 percent of the soybean crop is rated good to excellent.