Articles tagged under: Soybeans
Trade with China Highlighted at Transportation Conference
Published March 12, 2020
One of the key markets for crops grown in the Northern Plains was China. In 2018, the trade war disrupted the local supply chain to the Pacific Northwest. NDSU Extension crops economist Frayne Olson says that supply chain may look…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.…No Major Changes Made in March WASDE Report
Published March 10, 2020
As expected, the USDA didn’t make major changes in the March World Agricultural Supply and Demand Estimate report. U.S. wheat, corn and soybean production and ending stocks were all unchanged from the February report. USDA did raise global oil seed…Crop Insurance Guarantees Lower in 2020
Published March 6, 2020
Crop insurance guarantees for corn, soybeans and wheat will be lower in 2020. "When you look at corn and soybeans, these are some of the lowest guarantees we've seen in a decade," said John Newton, chief economist at the American…Argentina Raising Soy Export Taxes
Published March 6, 2020
According to Argentina’s agricultural ministry, the Argentine government will raise export taxes on soybeans and soybean products. That increase could range from three percent to 33 percent for the largest producers. The ministry says the government will compensate farmers who…A Swing in Local Corn Basis Noted
Published March 6, 2020
Compared to basis levels noted at the six regional grain elevators in mid-February, spring wheat basis has widened at five of the six elevators. Spring wheat basis ranges from 25 to 71 cents under the May futures contract. Corn basis…Export Sales Help Friday’s Grain Market
Published March 6, 2020
There were some export sales on Friday, offering support against coronavirus fears. Midwest Market Solutions President Brian Hoops says the deliveries have slowed for soybeans and were virtually non-existent for corn in this process. "That's supportive for both markets. There…The Long-Term Benefits of the Phase One Trade Deal
Published February 28, 2020
American Soybean Association Vice President Kevin Scott sees long term benefits to U.S. soybean farmers from the phase one trade agreement. "We've thought the trade one deal would be a positive in the markets, but it's been a challenge. There…Decent Export Sales on Thursday
Published February 27, 2020
According to the USDA weekly export sales report, U.S. sorghum export sales hit a marketing year high of 444,500 tons to unknown destinations. The export numbers could be signs of China trade deal buying. Allendale Chief Marketing Strategist Rich Nelson…