Articles tagged under: soybean

Slow, But Steady Planting Progress in ND

Published May 22, 2020

Farmers in the northeastern corner of North Dakota are making slow, but steady planting progress. "It's probably slower progress than we'd like to see," says Mark Ramsey, owner, MR Consulting. "The wetter stuff being the old soybean and dry bean…

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USDA Soybean Carryout Suggests China Demand Recovery

Published May 14, 2020

Advance Trading Commodity Research Analyst Brian Basting says USDA’s May Supply and Demand report for soybean carryout is suggesting a significant recovery of demand from China in 2021. "From a standpoint of recovery in their sow herd due to the…

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Global Corn Production May Also Hit a Record

Published May 12, 2020

USDA expects record world 2020/21 corn production and use and larger ending stocks. Ending stock are expected to be 339.6 million metric tons. Global soybean production is forecast to be up 26.6 million tonnes to 362.8 million, with the Brazil…

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China and Mexico Buy U.S. Corn and Soybeans

Published May 5, 2020

Private exporters reported sales of 378,000 metric tons of soybeans to China and 109,000 tonnes of corn to Mexico on Tuesday. "This is exactly what we want to see," says Ryan Moe, market analyst, INTL FCStone. "We will have a…

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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…

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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…

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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.…

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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…

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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…

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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…

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