fmc

FMC Continues to Grow U.S. Biologicals Portfolio

Dan Industry News Release, Research, Soybeans

Submits two new strains for EPA approval (FMC) — FMC Corporation has announced the submission of two new active ingredient microbial pesticide strains, RTI 301 and RTI 477, and associated formulated products to the EPA Office of Pesticide Programs Biopesticides and Pollution Prevention Division (BPPD). Submissions have also been made in the EU and field work is continuing in Canada …

Crop Planting Report

Planting Progress Remains Slow

Dan Corn, Soybeans

The weekly Crop Progress report shows little progress in planting the nation’s corn and soybean crops as unrelenting rains continue to inundate much of the corn belt. Corn plantings across the nation increased to 67 percent, compared to 58 percent a week ago and the five-year average of 96 percent. Just 39 percent of estimated soybean acres have been planted, …

grain trade

Soybean Growers Unhappy with President Trump’s Comments on Keeping Tariffs in Place under a China Agreement

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

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 …

agricultural commodities

China to Purchase More U.S. Soybeans

Dan Soybeans

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 …

exports

USDA Expects Exports to Fall In 2019

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

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 …

crop

USDA Releases Shutdown-delayed Reports

Dan Corn, Field Crops, Industry News Release, Soybeans, Wheat

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 …