Below you'll find a list of all posts that have been categorized as “Soybeans”
Confirmation of Tariff Hikes Planned on Chinese Goods another Personal Blow to Growers In what could easily be described as “worst case” for America’s soybean growers, the Trump Administration has confirmed what the industry has feared for months: Heavier tariffs on Chinese goods are planned for Friday, May 10. “This is a predicament for soy growers,” said Davie Stephens, a …
The American Soybean Association (ASA) is not pleased with recent comments from President Trump that he could leave tariffs in place under an agreement with China. ASA has always considered the lifting of the Section 301 tariffs by the U.S. in exchange for China removing its retaliatory 25 percent tariff on U.S. soybean imports as essential to any initial agreement …
Farmers indicate they may plant less corn than previously thought by the Department of Agriculture, according to the annual Farm Futures planting survey. The survey of 1,000 producers nationwide says that after planting more soybeans than corn in 2018 for the first time in 35 years, farmers want to return to more normal rotations this spring. However, with the impact …
On Friday, the U.S. Department of Agriculture (USDA) announced during White House meetings, the Chinese government committed to buy an additional 10 million metric tons of U.S. soybeans. In a tweet, Agriculture Secretary Sonny Perdue wrote: “Hats off to the President (@POTUS) for bringing China to the table. Strategy is working. Show of good faith by the Chinese. Also indications …
The Department of Agriculture is projecting a $1.9 billion drop in exports this year, led by a decline in trade with China. While talks remain ongoing between China and the United States, USDA during its 95th annual Agricultural Outlook Forum Thursday predicted 2019 fiscal year exports at $141.5 billion. USDA Chief Economist Robert Johansson told attendees China is expected to …
The partial shutdown of the Federal Government delayed reports for some of the final 2018 crop production numbers. USDA’s National Agricultural Statistics Service (NASS) was not able to release that information in January, but according to Tyron Spearman, NASS did include those numbers in their February report.
USDA has released its summary of the 2018 crop production year. Rod Bain has more details.
The Department of Agriculture’s backlog of reports delayed from the government shutdown overall provided a neutral outlook. USDA reported 2018 corn production at 14.4 billion bushels with a national average yield of 176 bushels per acre. Meanwhile, USDA says farmers harvested a record 4.5 billion bushels of soybeans, up three percent from last year, with a national average yield of …
Soybean growers urge Congress to press Administration to end tariffs Talks are good, purchases are good, but lifting the tariff that China imposed last July on soybean imports from the United States is the only way for U.S. soybean farmers to regain commercial access to the significant Chinese market. “It is heartening that the Administration is keeping soybeans in the …
China continues to purchase U.S. soybeans with a more than one million metric ton buy on Friday, and another 600,000 metric ton purchase reported Monday. Following a round of trade talks last week, China pledged to purchase another five million metric tons of U.S. soybeans. Friday’s purchases by state-owned firms were believed to be destined for China’s state reserves, and …
