soybean farmers

Soybean Farmers Can’t Replace Chinese Business

Dan Exports/Imports, Industry News Release, Soybeans

U.S. soybean exports could drop as much as 65 percent if the back-and-forth trade rhetoric battle between the two largest economies causes China to slap on retaliatory tariffs. Politico says that number comes from a soon-to-be-published report out of Purdue University. Earlier this month, China said it will put a 25 percent tariff on U.S. soybeans if President Trump follows …

asa

ASA President Testifies to Congress Regarding Trade Tariffs

Dan Exports/Imports, Industry News Release, Soybeans, Trade

The American Soybean Association President says retaliation by China against U.S. tariffs would undercut prices received by soybean farmers, and further hurt a depressed farm economy. Testifying to lawmakers Thursday, ASA President John Heisdorffer asked members of Congress to help soybean farmers “be part of the solution,” rather than “collateral damage.” Heisdorffer, an Iowa farmer, highlighted the importance of maintaining …

wasde report

WASDE Report Predicts Record Soybean Crop for Brazil

Dan Corn, Industry News Release, Soybeans, Wheat

The latest World Agriculture Supply and Demand (WASDE) Report from the Department of Agriculture shows Brazil is reaching a record soybean planting. USDA predicted a record Brazilian soybean crop in the report Tuesday of 115 million metric tons, or 4.2 billion bushels. Domestically, U.S. soybean supply and use changes for 2017/18 include increased crush, lower seed and residual use, and …

proposed tariffs

Proposed Tariffs Realigning Soybean Trade

Dan Exports/Imports, Industry News Release, Soybeans, Trade

The proposed tariffs on U.S. soybeans as part of the trade war beginnings between China and the U.S. is shifting trade habits. Trump announced the intention last week to seek $100 billion of tariffs on additional Chinese products, which comes after China announced intention of a 25 percent soybean tariff. Data from the Department of Agriculture Friday shows other nations …

soybean ambassador

Chinese Ambassador on Possible Soybean Trade Sanctions

Dan Exports/Imports, Industry News Release, Soybeans, Trade

As the world’s two largest economies appear to be moving closer to a possible trade war, U.S. Ambassador Terry Branstad is warning China about the consequences of trade sanctions on U.S. soybeans. Branstad told Bloomberg Television that any attempts to cut down on U.S. soybean imports would hurt Chinese consumers more than it would American farmers. The crop provides a …

trump

Soy Growers Worried About Possible Trade Disruptions at U.S. Ports

Dan Exports/Imports, Industry News Release, Soybeans, Trade

The American Soybean Association and its grower-members are urging labor union and port management representatives to get back to the negotiating table and resume bargaining talks. The ASA is concerned about possible trade disruptions at East Coast and Gulf of Mexico ports, which would negatively impact agricultural and food product exports to key markets. The ASA joined several industry stakeholders …

usda

USDA Report Indicates Increased Corn Demand

Dan Corn, Industry News Release, Soybeans, Wheat

The Department of Agriculture (USDA) has increased corn demand in it’s latest forecast for the 2017-18 crop year. The monthly World Agriculture Supply and Demand report increased exports of corn by 175 million bushels to 2.2 billion bushels based on price competitiveness, and increased expected corn ethanol use by 50 million bushels to 5.5 billion bushels. The average price for …

wasde report

USDA Announces Program to Secure China Soybean Market

Dan Industry News Release, Soybeans

The U.S. Department of Agriculture (USDA) is busy preparing what it calls a “major initiative” regarding American shipments of soybeans to China. The USDA will ask soybean farmers to adopt new farming practices to minimize the amount of foreign material that gets harvested with their crops and can end up in exports to China. A program like this will depend …

usda

USDA Releases 2018 Planting Estimates

Dan Corn, Cotton, Field Crops, Industry News Release, Soybeans

While some planters are already working in Texas, the Corn Belt seems a long way away from planting because of snow and ice. However, the U.S. Department of Agriculture (USDA) is already thinking about planting. During the Agricultural Outlook Forum in Arlington, Virginia, the USDA released its acreage estimates for 2018. The USDA says corn and soybean acres will be …