The impact of the trade war between the U.S. and China extends far beyond commodity soybeans. Surplus soybean supplies are putting a strain on storage. SB & B Foods, which markets non-GMO and food-grade soybeans, will also be pinched by the tight storage situation. “We’re trying to work on a farmer-by-farmer basis as we get closer to the end of harvest and realize they don’t have enough storage,” said Bob Sinner, president, SB & B Foods. Sinner, who is based in Casselton, North Dakota, says the demand for non-GMO soybeans remains strong. Premium soybean production contracts are available. “They’re all at or above CBOT so if you look at a basis of $1.50, just that in itself is a $1.50 premium. In some cases, our natto beans are $2 or $3 over CBOT.” Premiums are based on the variety grown.
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