soybean prices

Soybean Prices Improve 15 Percent if Tariffs Resolved

Dan Industry News Release, Soybeans

If the U.S. can get its trade disputes resolved, one economist says soybean prices could jump as much as 15 percent higher. Farm Journal’s Ag Web Dot Com quotes Jackson Takach of Farmer Mac as saying there’s no underestimating the importance of trade to agriculture. “One of every $4 or $5 in farm income is from foreign sources,” he says. …

import

China Cuts Soybean Import Forecast

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

China this week lowered its forecast for the 2018-2019 import season for soybeans due to the trade conflict between the U.S. and China. Farmers are reducing their use of soybeans in animal feed in China as China has placed massive tariffs on U.S. soybeans. Imports of soybeans in the crop year that starts on October first will be 83.65 million …

corn crop

WASDE Predicts Second-largest Corn Crop, Record Soybean Crop

Dan Corn, Industry News Release, Soybeans

The Latest World Agriculture Supply and Demand report predicts the second-largest corn crop for the United States this year and a record soybean crop. Corn production is forecast at 14.82 billion bushels, up 241 million from last month on an increased yield forecast. The outlook predicts larger production, increased domestic use, greater exports, and higher ending stocks. The season-average corn …

trade hearing

Roberts, Stabenow Announce Ag Trade Hearing

Dan Corn, Industry News Release, Soybeans, Trade

The Senate Agriculture Committee will hold a trade hearing next week, titled “Perspectives on U.S. Agricultural Trade.” Among those attending the hearing is Dr. Robert Johansson, the Chief Economist at the Department of Agriculture and mastermind behind the USDA trade mitigation package formulas. The hearing could serve as a chance for Congress to better understand how Johansson figured the payment …

asa

ASA Focusing on Monarch habitat

Dan Environment, Industry News Release, Pollinators, Soybeans

While trade issues remain a top priority for the soy industry, the American Soybean Association (ASA) is taking a moment this fall to highlight the importance of monarch habitat in its overall conservation efforts, which include soil and water quality, and pollinator preservation. This week, ASA launched a month-long effort on social media to showcase the importance of monarch habitat. …

soybean

China Predicted to cut U.S. Soybean exports

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

China’s exports of U.S. soybeans are expected to plummet over the next marketing year, according to the latest forecast. A soybean crushing industry executive told Reuters this week that China will almost entirely replace its soybean imports from the United States with Brazilian beans and other origins in the upcoming season. The latest forecast from China predicts Imports from the …

import

Trade Relief Package Favors Soybeans

Dan Industry News Release, Soybeans, Trade

The Department of Agriculture’s trade relief package is drawing criticisms that it favors soybean production over corn. Soybeans, no doubt a hotter commodity for China, which is targeting U.S. ag as part of the trade war with the U.S., have a much larger payout than corn. The payments are based on 2018 production levels that must be certified and provided …