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Articles tagged under: soybean

USDA Reaffirms Soybean Shortage Ahead

Published March 9, 2021

March is the fourth month in a row USDA released a soybean carryover number well-below pipeline supplies in the Supply and Demand report. "It's only about half of the typical pipeline supply," said Tim Marsh, analyst, Summit Commodities. "This is…
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Acreage Decisions Can Still Change Between Now and Spring

Published February 24, 2021

During the USDA’s Ag Outlook Forum, the agency estimated an increase in corn and soybean acres for 2021. Total Farm Marketing Senior Market Advisor Naomi Blohm says a lot can change between now and spring. "Wheat is also an unknown…
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Grain and Oilseed Outlook Shows Higher Soybean Planted Acres

Published February 19, 2021

According to the USDA's Grain and Oilseed Outlook, U.S. soybean ending stocks at the end of the current marketing year to be at 120 million bushels. The current marketing year ends on August 31. New crop soybean production is based…
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South American Crop Uncertainty Motivates China to Buy U.S.

Published January 29, 2021

Global Commodity Analytics and Consulting President Mike Zuzolo thinks the uncertainty and delay in South America's crop is motivating China to shore up its supply of feed grains. "With the Brazilian crop delayed and the Argentine crop hurt, the Chinese…
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USDA Lowers U.S. Corn and Soybean Production

Published January 12, 2021

The latest USDA estimate for 2020 corn and soybean production was below last month's report and the average trade guesses. U.S. corn production is at 14.2 billion bushels compared to December’s estimate of 14.5 billion bushels. Corn yield is at…
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Rains in South America Stabilizing the Crop

Published January 8, 2021

Brazilian ag consultant Kory Melby says recent rains in Brazil stabilized the soybean crop. "In the last three weeks, we received beneficial rains throughout the country. I'm thinking of increasing my crop estimate a little bit. At the end of…
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Begin Pushing the Pencil for 2021 Crop

Published January 6, 2021

As soybean futures get higher and corn futures reach new levels, AgResource Company President Dan Basse says farmers should begin pushing the pencil for the 2021 crop. "Things are starting to look relatively attractive on margins. I would encourage all…
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Soybean Market is Nervous Over Tight Stocks

Published January 4, 2021

Tight soybean stocks are pushing the market higher. NDSU Extension Crops Economist Frayne Olson is making that point in his crop market outlook. "If we look back to before the trade war began, a five-to-six percent carryover stock ratio was…
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ND Soybean Growers Focus on Infrastructure in State Legislative Session

Published January 3, 2021

Water issues and infrastructure are top of mind for the North Dakota Soybean Growers Association going into the state legislative session. "There's a $1 billion bonding proposal being considered and then, the governor has a $1.25 billion transportation and infrastructure…
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Soybeans Have a Story

Published December 18, 2020

On Friday, soybean futures closed above $12 per bushel for the first time in six years. “We are sitting on a carryout that is extremely tight domestically,” said Kristi Van Ahn, market analyst, Van Ahn and Company. “Not only are…
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