Articles tagged under: Soybeans
USDA Lowers South America Production Slightly in February WASDE
Published February 9, 2022
In the February Supply and Demand report, the USDA lowered Brazil’s soybean ending stocks by six million metric tonnes to 134 million tons. USDA lowered Brazil’s corn ending stocks by one million tonnes to 114 million tonnes. USDA kept Argentina’s…SD Soybean Processors to Build Third Processing Plant
Published February 9, 2022
The South Dakota Soybean Processors will build a new soy and sunflower processing facility south of Mitchell, South Dakota. CEO Tom Kersting says the plant’s been in the works for the last few years. "We need approvals, permitting and things…U.S. Ag Exports in 2021 Set Record
Published February 8, 2022
According to final trade data published by the U.S. Commerce Department, U.S. farm and food product exports totaled $177 billion in 2021. That’s an 18 percent increase from 2020. Agriculture Secretary Tom Vilsack said it breaks the previous export record.…New Crop Soybean Prices Get Stronger
Published February 4, 2022
Zaner Group Ag Hedge Chief Market Strategist Ted Seifried started noticing the changes in December due to South American soybean production concerns. "If you look at some of the projections for the reductions we could see in the South American…Regional Basis Shows Minor Changes from Last Week
Published February 4, 2022
Basis bids at the six regional grain elevators have only minor changes from last week. Spring wheat basis remains from five to 55 cents under the Minneapolis March Futures contract. The corn basis ranges from 10 to 15 cents under…China Makes More U.S. Grain Purchases Amid New Year Celebrations
Published February 4, 2022
USDA announced an old crop soybean sale of 380,000 metric tons to unknown destinations on Wednesday . Martinson Ag Risk Management President Randy Martinson says most traders suspect that's China. "It's impressive China is in buying oilseeds at a time…Expect the Unexpected with the Soybean Markets
Published February 4, 2022
Supply chain fears are driving the grain markets. Market analyst Jacob Burks expects to see more unexplainable market swings. "We see a $1.65 move up in soybeans and a pull back wouldn't be unexpected. At times, it's not clear why…Adopt Good Soybean Management to Bridge Yield Gaps
Published February 4, 2022
The strong price of soybeans makes it an attractive crop to plant, but it's still a relatively new crop in North Dakota. At the Best of the Best in Wheat and Soybean Research, NDSU Extension Agronomist Hans Kandel outlined soybean…Soybean Markets Stronger on South American Production Concerns
Published February 1, 2022
South American soybean production is at risk this year, due to the drier than usual conditions. "A couple of prominent research teams lowered their South American soybean estimates this week. That means more buyers will come to the United States…