Grain Elevator Profit Margins Could Increase in 2018

Dan Corn, Industry News Release, Soybeans

A new report from CoBank says 2018 could bring an increase in profit margins for grain elevators. The report cites a weak harvest basis, along with low transportation rates, and other issues for the prospect of improved profit margins. A CoBank researcher also says a large carryover and another huge crop have “created an attractive carry in futures markets, particularly …


RFS Volumes Again Fail to Capture Biodiesel’s Potential

Dan Biotechnology, Energy, Industry News Release, Soybeans

The American Soybean Association (ASA) calls the final biodiesel and advanced biofuels volumes released by the Environmental Protection Agency another example of a missed opportunity to capture the full potential and value of biodiesel. In the rule, EPA calls for biomass-based diesel volumes within the Renewable Fuel Standard of 2.1 billion gallons for 2019, the same level established for 2018, …


Soybeans to Overtake Corn in 2019

Dan Corn, Industry News Release, Soybeans

The U.S. Department of Agriculture released a preview of its long-term planting projections Tuesday. The USDA considers a lot of factors when making the projections, including macroeconomic conditions, GDP growth, and farm policy. An important projection from the early release is the overall number of planted acres. Total planted acres for the eight principal crops and land in the Conservation …


Mexico Bans Select GMO Soybean Plantings in Seven States

Dan Industry News Release, Soybeans

Mexico’s agriculture sanitation authority has revoked Monsanto’s permit to commercialize genetically modified soybeans in seven states, a move Monsanto calls unjustified. Monsanto says in a statement that the permit had been withdrawn on unwarranted legal and technical grounds, according to Reuters. The company said it would take the necessary steps to safeguard its rights and those of farmers using the …

soybean board

Perdue Announces Soybean Board Appointments

Dan Industry News Release, Soybeans

Agriculture Secretary Sonny Perdue today announced the appointment of 19 members and 3 alternate members to serve on the United Soybean Board. The producers appointed to serve three year terms include: Annie Dee, Aliceville, Ala. Robert Stobaugh, Atkins, Ark. Gary Berg, Saint Elmo, Ill. Tom Griffiths, Kendallville, Ind. Thomas E. Oswald, Cleghorn, Iowa Larry K. Marek, Riverside, Iowa Dennis Gruenbacher, …


What Growers Need to Know about New Restrictions for Dicamba

Dan Cotton, Environment, Soybeans

The Environmental Protection Agency (EPA) recently announced an agreement with Monsanto, BASF and DuPont on measures to further minimize damage to neighboring crops from the use of dicamba formulations used to control weeds in genetically modified cotton and soybeans. Senior Scientist for Regulatory and Environmental Issues at the National Cotton Council (NCC), Steve Hensley, has information for growers on what …


Cautious Optimism Ahead in Grain, Ethanol Markets

Dan Corn, Energy, Industry News Release, Soybeans

CoBank says rising incomes around the globe will help push demand higher and create more opportunities for U.S. exports in grains, oilseeds, and ethanol. A new report from CoBank’s Knowledge Exchange Division says things like commodity surpluses around the globe, trade agreement negotiations, and the relative strength of key currencies all will influence the scope of growth over the next …


More Money Raising Soybeans

Dan Industry News Release, Soybeans

For four years in a row crop farmers in Illinois, other parts of the nation too, have made more money on soybeans than corn. The numbers are pretty clear and University of Illinois Agricultural Economist Gary Schnitkey lays them out in an online farmdocDaily article. He says, on average, soybeans have been more profitable than corn since 2013. And farmers have responded …

soybean acres

Soybean Acres May Surpass Corn Acres in 2018

Dan Industry News Release, Soybeans

Will U.S. farmers plant more soybeans next year? Some analysts say next year’s soybean acres will surpass this year’s record acreage of 88.7 million acres. The total number of acreage for soybeans in 2018 being discussed range anywhere from 86 to 90.5 million acres. The higher estimates could equate to more soybean acres than corn acres for the first time …