corn

Corn Plantings to Overtake Soybeans in 2019

Dan Corn, Industry News Release, Soybeans

An analysis of USDA data says corn will take over the top spot from soybeans in planted acres during the next growing season. The Hagstrom Report says it is a reaction to market conditions created by President Donald Trump’s tariffs on Chinese imports. The data shows corn plantings will likely exceed soybeans by nine to 10 million acres between 2019 …

drought monitor

Drought Monitor: Wet Harvest Continues Next Week

Dan Corn, Industry News Release, Soybeans, Weather

The U.S. Drought Monitor weekly update shows more wet weather ahead for the Midwest. Much of the Corn Belt received adequate or above needed moisture this growing season. However, pockets in Missouri, Kansas and Oklahoma were extremely dry. Recent rains have turned the tables, and much of the Midwest is experiencing wet harvest conditions. The Drought Monitor notes that a …

soybeans

China Wants to Stop Buying U.S. Soybeans

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

The biggest move by China against the U.S. in the tit-for-tat trade war could be a movement towards abandoning U.S. soybeans. China, facing a potential shortage following its 25 percent tariff on U.S. soybeans, is already purchasing from other suppliers and proposing to cut the amount of protein used in livestock feeds. CNN reports that one of China’s top feed …

soybeans

Brazil Soybean Supplies Running Low

Dan Industry News Release, Soybeans

Soybean crushers in Brazil are running low on soybeans as they face tougher competition from Chinese buyers over the remaining 2017-2018 season supplies. A Bloomberg report says crushers in Brazil worked with negative margins since the second half of September. The pace of processing has slowed since the soy rally has doubled premiums this year, putting a squeeze on domestic …

wasde

WASDE Anticipates Lower Harvests for Corn and Soybeans

Dan Corn, Industry News Release, Soybeans

The October World Ag Supply and Demand (WASDE) report predicts corn and soybean yields will both be lower than previously expected. Corn production is forecast at 14.78 billion bushels, down 49 million bushels due to a reduced yield forecast. Corn supplies going into harvest are forecast to be a record-high number, exports were raised by 75 million bushels, and USDA …

soybeans

China May Be Getting U.S. Soybeans Through the Backdoor

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

It’s possible that Chinese soybean buyers could still be getting American soybeans by purchasing their beans from Argentina. Export reports show that Argentina is buying soybeans from the U.S. and exporting its own production to China. However, a grain market expert says that’s not likely because a drought left Argentina grain stocks in short supply. “The issue is that Argentina …

september

September USDA Stocks Report Bearish

Dan Corn, Industry News Release, Soybeans, Wheat

The USDA reported larger than expected inventories of corn, soybeans, and wheat in its September 1st Stocks Report, which analysts call bearish for the markets. The corn supplies came in at 2.14 billion bushels, which is 138 million more than the last estimate of old-crop carryout. USDA says feed usage was likely smaller than expected, reducing the number of bushels …

soybeans

China Passing on U.S. Soybeans, Purchasing from Brazil

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

China soybean processors are purchasing record volumes of Brazilian soybeans and cutting purchases of U.S. soybeans. U.S. soybeans face steep tariffs in China thanks to the ongoing tit-for-tat trade war between the U.S. and China. A Singapore-based trader told Reuters that China is “willing to pay higher prices for Brazilian beans than what domestic crushers are paying.” Brazil’s typical soybean …

soybean farmers

Escalating Trade War with China Will Increase Damage to American Soybean Farmers

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

The Administration’s decision to impose 10 percent tariffs on an additional $200 billion in Chinese imports—and China’s subsequent retaliation on $60 billion of U.S. products—deepens and prolongs the trade war between the two countries, posing even more adverse consequences for American soybean farmers. Davie Stephens, a soybean grower from Clinton, Kentucky, and American Soybean Association (ASA) vice president stated, “If …