Compared to other soybean-supplying countries around the world, the protein content of U.S. soybeans is losing ground. A Bloomberg report says the world is eating more meat, poultry, and dairy products than ever, but U.S. farmers may be losing some ground to Brazil in the competition to feed the world’s animals. South America and Europe expanded their soybean sales this …
New Procedures for U.S. Soybean Exports to China
The United States Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) is making U.S. soybean farmers and exporters aware of a new procedure to comply with China’s phytosanitary import requirements. The new procedure, which applies to both bulk and container shipments of raw, unprocessed soybeans to China, goes into effect January 1, 2018, and is necessary to maintain …
Less Corn Acreage More Soybeans Predicted for 2018
2018 should see less corn acreage worldwide—that according to U.S. market analyst Mike Zuzolo of Global Commodity Analytics. Acreage Fewer corn plantings and more soybean plantings seem likely to pressure soybean market prices lower. That, as the U.S. Department of Agriculture predicts record soybean acres in 2018 in the United States. Meanwhile, Zuzolo says soybean demand, which has been increasing, …
U.S. Soybean Exports Top Another Record
Government data shows that U.S. farmers again exported a record amount of soybeans, shipping 2.6 billion bushels to international buyers in the 2016-17 marketing year. Valued at more than $28 billion, the milestone represented the second year in a row that exports exceeded 60 percent of U.S. soybean production. However, the United Soybean Board warns that record U.S. production is …
Asgrow Pleased with Southeast Soybean Performance
Soybean growers across the Southeast are encouraged to learn more about what Asgrow has to offer. Robert Ihrig, regional marketing manager in the Southern U.S., for Monsanto/Asgrow, says they are pleased with the performance of their products in the Southeast. Asgrow Pleased with Southeast Soybean Performance Sponsored ContentFlorida Senator Shares Origins of Florida Cattle Enhancement BoardNovember 14, 2025CIR Agriculture Harvester …
Record Number of Soybean Processing Facilities Under Construction
As global demand for soybeans increase, so does the need for soy processing facilities. Reuters points out that U.S. agricultural cooperatives are building new soybean crushing plants at the fastest rate in two decades. That comes as U.S. farmers again are predicted to plant a record number of soybean acres next year. U.S. processors are expected to open plants with …
Grain Elevator Profit Margins Could Increase in 2018
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
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
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
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 …