brazilian

Brazilian Judge Suspends Glyphosate Use

Dan Environment, Industry News Release

A Brazilian judge has suspended the use of products containing glyphosate. The federal judge halted new registrations of products containing glyphosate and will suspend existing registrations while the Brazilian government reevaluates the toxicity of glyphosate products, according to Reuters. The decision, however, could face several appeals. Brazil’s public health agency, as well as the Agriculture Ministry, have announced plans to …

usda corn

USDA Forecasts Record High Corn Yield and Soybean Production for 2018

Dan Corn, Soybeans, USDA-NASS, Wheat

U.S. farmers are expected to produce a record-high soybean crop this year, according to the Crop Production report issued by the USDA National Agricultural Statistics Service. Up 4 percent from 2017, soybean production is forecast at record high 4.59 billion bushels, while corn growers are expected to decrease their production slightly from last year, forecast at 14.6 billion bushels. Down …

china soybean

Soybean Analyst Says China May Have to Buy More U.S. Soybeans

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

In spite of an ongoing trade war between the world’s two largest economies, China may actually have to start buying U.S. soybeans in the near future. A Reuters report says oil seed analysis organization Oil World, based in Germany, says South American countries can’t supply all the soybeans that China needs. China is the world’s largest soybean buyer and has …

farm

Farm Futures Releases Crop Production Survey

Dan Corn, Industry News Release, Soybeans

The growing season has been wide and varied for America’s corn and soybean crops. Harvest seems to be on track for good, but not great yields. That’s according to a Farm Futures August crop production survey. However, even above average yields for the sixth-straight year could leave prices struggling, especially in a soybean market that’s getting hammered by tariffs on …

china soybean

U.S.-China Dispute Harming Canadian Soybean Growers

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

Soybean farmers in Canada are feeling the impact of the U.S.-China trade war as soybean prices decline. CNBC reports that while Canadian soybean farmers could see an increased market share from importing nations, experts say the current soybean market plays a much more significant role. Since April, soybean futures have dropped nearly 20 percent in the United States, and Canadian …

yield

USDA Increases Corn, Soybean Production Forecast

Dan Corn, Industry News Release, Soybeans, Wheat

The Department of Agriculture Thursday upped its predictions for larger corn and soybean crops this year. The USDA World Agriculture Supply and Demand Report predicts corn production at 14.2 billion bushels and soybeans increasing to 4.3 billion bushels. The 2018/19 U.S. corn outlook includes larger supplies, greater feed and residual use, increased exports, and lower ending stocks. Increased 2017/18 exports …

corn

USDA Lowers Corn, Soybeans, Projected Ending Stocks

Dan Corn, Industry News Release

The Department of Agriculture lowered 2017/2018 ending stocks for corn and soybeans in its latest monthly World Agriculture Supply and Demand Estimates. USDA reduced ending stocks for corn 105 million bushels to 1.57 billion bushels, which if reached, would be the lowest level since 2013/2014. The season-average farm price is raised ten cents at the midpoint with a range of …

china soybean

China Looking to Russia for Soybeans

Dan Exports/Imports, Industry News Release, Soybeans

The world’s biggest importer of soybeans, China, almost tripled soybean purchases from Russia amid a growing trade dispute with the U.S. A Bloomberg report says Russia sold approximately 850,000 metric tons over the most recent twelve-month season. That compares to 340,000 tons sold during the previous period. China has already canceled several soybean purchases from the U.S. in anticipation of …