Cargill grain glut

Cargill: Grain Glut to Last

Cargill expects international grain markets to remain oversupplied. The company’s CEO told Reuters recently that the oversupply will remain “for a long time” due to bountiful harvests and an increase of crops in storage. Global corn, wheat and soybean inventories have increased over the last four years in the longest stretch of gains since the late 1990s, according to the …

USDA Seeks Nominees for the United Soybean Board by May 19th

The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) is seeking nominations for positions on the United Soybean Board. Vacancies for producer member positions will occur in Alabama, Arkansas, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Ohio, South Carolina, South Dakota, Tennessee, and Texas.  There are alternate vacancies in Alabama, South Carolina, and Texas. Any …

Soybean Field Rows in summer

U.S. Farmers Expect to Plant Record-High Soybean Acreage

Planting Intentions Surpass Historic Soybean Record by 6.05 Million Acres, USDA Reports Producers surveyed across the United States intend to plant an estimated 89.5 million acres of soybeans in 2017, up 7 percent from last year and a record high, according to the Prospective Plantings report released today by the USDA’s National Agricultural Statistics Service (NASS). If realized, soybeans will …

Soybean Association Sets Policy for 2017

Progressive policies for a strong farm safety net, increased funding for agricultural export programs, ambitious global trade negotiations, an aggressive support for biodiesel policies and robust funding for agricultural research and conservation programs will guide the American Soybean Association (ASA) in 2017. The 2017 Commodity Classic concluded this weekend in San Antonio with ASA’s voting delegates, representing its 26 state …

Commodity Classic Kicks off Thursday

Commodity Classic kicks off in San Antonio Texas on Thursday Commodity Classic, America’s largest farmer-led, farmer-focused convention and trade show, officially kicks off Thursday in San Antonio, Texas. While a few board meetings will take place today, the bulk of the events kick off tomorrow and run through Saturday. According to their website, it doesn’t matter what crop you raise, …

Some Brazil Soybeans Very Muddy

Brazil’s top soybean producing state, Mato Grosso (Mah’-toe Grah’-soh), has soybean fields ready for harvest but are so muddy it’s difficult to walk through, let alone drive a combine through. A Bloomberg report says a week of persistent rainfall has caused some soybeans to begin fermenting. The beans have become engorged their pods, which have started to open as the …

11 Dollar Soybeans Possible

An Ag Web Dot Com article says gains in other commodities have convinced at least one analyst that $11 soybeans are possible, even with an average 2017 crop. John Payne of Daniels Trading says other markets like copper, cotton, and oats to a certain extent, have risen.