Articles tagged under: soybean
CONAB Lowers Soybean Production Estimates
Published April 9, 2020
Brazil’s government crop supply agency CONAB lowered its soybean production estimate by two million tonnes from its March estimate. CONAB now expects Brazil’s farmers to harvest a record 122 million metric tons of soybeans, down from 124 million metric tons…Regional Basis Bids are Mostly Unchanged
Published March 25, 2020
Spring wheat basis bids at the six regional grain elevators followed by the Red River Farm Network are mostly unchanged compared to one week ago. Basis bids in Finely, North Dakota and Warren, Minnesota improved by five cents. Those bids…Markets Find Support from Soybean Sales
Published March 11, 2020
A few different soybean sales to unknown destinations were noted this last week. The markets found support from the third day in a row of soybean sales to unknown. Cornbelt Marketing analyst Larry Clay says soybean meal is the driver.…Solving Transportation Challenges
Published March 11, 2020
If grain is being shipped out of the Northern Plains, it typically heads toward the Pacific Northwest. Minnesota Soybean Research and Promotion Council CEO Tom Slunecka says it’s a long way between here and there. "There's lots of regulations, a…U.S. Farm Bankruptcies Increased in 2019
Published February 20, 2020
In 2019, farm bankruptcies increased 24 percent. During Thursday's Ag Outlook Forum, USDA said North Dakota was one of three states reporting particularly high bankruptcy rates. Debt-to-asset levels are the highest since 2003. USDA also says a growing portion of…CONAB Forecasts a Large Soybean Crop
Published February 11, 2020
CONAB, Brazil’s government supply agency, raised its soybean production forecast to a record 123.2 million metric tons. That’s up one million metric tons from the January estimate and nearly 10 million metric tons larger than last year’s crop. The estimate…ND Soybean Processors Lawsuit Settled
Published February 10, 2020
The lawsuit between the North Dakota Soybean Processors and Spiritwood Energy Park Association has been settled. According to SEPA CEO Connie Ova, both sides are paying their own expenses and this includes no payments to either side from the other.…Soybean-Based Motor Oil Being Promoted
Published November 22, 2019
A new motor oil made with high oleic soybean oil is now available on Amazon. The product from Biosynthetic Technologies is derived from soybeans raised by U.S. farmers and has been tested by multiple Washington, D.C. region fleets. The United…CONAB Raises Soybean Production Outlook
Published November 13, 2019
Brazil’s crop supply agency CONAB raised its soybean production outlook for the current 2019-20 growing season. CONAB expects both planted area and yields to increase. With about half of the expected soybean area yet to plant CONAB estimates Brazil’s soybean…