soybean | Red River Farm Network

U.S. Soybean Export Council Dives into Latest USDA Report, Demand

Published July 19, 2020

The U.S. Soybean Export Council reviewed the July USDA World Agriculture Supply and Demand Estimate report in its monthly webinar series. Featured speaker, RJ O’Brien's Head of Market Insights Randy Mittelstaedt, referenced changes for the old crop soybean balance sheet.…

More Palmer Amaranth Found in MN

Published July 17, 2020

The Minnesota Agriculture Department has identified Palmer amaranth in the state. This time, the sighting was in Winona County, near the Wisconsin border. Twenty Palmer amaranth plants were discovered in a soybean field and confirmed by genetic testing. The MDA…

Soy-Based Sandals Donated During COVID-19

Published June 26, 2020

A Georgia-based shoe company, Okabashi, will be donating up to 10,000 pairs of soy-based sandals to health care workers during the COVID-19 pandemic. More than 5,000 pairs have been donated so far. "Soybean oil is a very special product," said…

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…

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…

Latest News Markets

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…

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…

Latest News Markets

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…

Latest News Markets

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…

Latest News Markets

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.…

Articles tagged under: soybean

U.S. Soybean Export Council Dives into Latest USDA Report, Demand

More Palmer Amaranth Found in MN

Soy-Based Sandals Donated During COVID-19

Slow, But Steady Planting Progress in ND

USDA Soybean Carryout Suggests China Demand Recovery

Global Corn Production May Also Hit a Record

China and Mexico Buy U.S. Corn and Soybeans

CONAB Lowers Soybean Production Estimates

Regional Basis Bids are Mostly Unchanged

Markets Find Support from Soybean Sales

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