Articles tagged under: Soybeans
USDA Lowers South American Production Estimates
Published January 12, 2022
Due to the lingering drought conditions, USDA lowered South America's corn production. Brazilian corn production dropped from 118 million metric tons to 115 million metric tons. Argentina’s corn production is now at 54 million metric tons. USDA reduced Brazil’s soybean…More U.S. Corn and Soybeans in Storage, Less Wheat
Published January 12, 2022
USDA made minor changes in the Quarterly Grain Stocks Report. U.S. corn stockpiles as of December 1 are estimated at 11.6 billion bushels, up from 11.3 billion one year ago. Soybean stocks are at 3.15 billion bushels, up from 2.95…Exploring New Soybean Market Opportunities
Published January 3, 2022
China remains the top buyer of U.S. soybeans, but the U.S. Soybean Export Council continues to explore new markets. According to board member and Kansas soybean farmer Lance Rezac, India is starting to allow imports of GMO soybean meal. "India's…More Corn Acres Possible
Published January 3, 2022
Brock and Associates President Richard Brock says mid-February will be a crucial time for corn. "That will determine revenue crop insurance. If prices are as high as they are right now, I know many people disagree, but I think corn…Brazilian Soybeans Entering Critical Stage of Production
Published December 30, 2021
According to Progressive Ag Marketing market analyst Brian Strommen, Brazil’s soybeans are entering the critical pod fill stage. "This is a timeframe where South American weather becomes more critical. It's something to be watching and there are estimates for a…Utterback: Keep an Eye on the Corn Market
Published December 30, 2021
The corn market may be one to watch going into spring. Utterback Marketing President Bob Utterback says the soybeans are getting attention, but the dryness in South America will ultimately impact corn. "If the weather continues to show deterioration in…Keep Building on U.S. Soybean Trade in 2022
Published December 24, 2021
The Biden administration hasn’t been majorly aggressive on trade this year, but the U.S. soybean industry hopes that changes going into 2022. With an increase demand for protein in Asia, American Soybean Association CEO Steve Censky says the U.S. soybean…Plans to Build the New Soy Crush Plant Started in 2019
Published December 24, 2021
Minnesota Soybean Processors Executive General Manager Jeramie Weller says the conversations about the Casselton, North Dakota soy crush facility started in 2019. CGB Enterprises operates a soy crush facility in Indiana. "We met CGB through mutual contacts. The agriculture industry…ND Soybean Processors to Build the Casselton Soy Crush Plant
Published December 22, 2021
The Minnesota Soybean Processors will be working with CGB Enterprises to build the new soybean processing plant near Casselton, North Dakota. The joint venture will be known as the North Dakota Soybean Processors. The Casselton facility is expected to crush…