The Department of Agriculture (USDA) has increased corn demand in it’s latest forecast for the 2017-18 crop year. The monthly World Agriculture Supply and Demand report increased exports of corn by 175 million bushels to 2.2 billion bushels based on price competitiveness, and increased expected corn ethanol use by 50 million bushels to 5.5 billion bushels. The average price for …
USDA Announces Program to Secure China Soybean Market
The U.S. Department of Agriculture (USDA) is busy preparing what it calls a “major initiative” regarding American shipments of soybeans to China. The USDA will ask soybean farmers to adopt new farming practices to minimize the amount of foreign material that gets harvested with their crops and can end up in exports to China. A program like this will depend …
USDA Releases 2018 Planting Estimates
While some planters are already working in Texas, the Corn Belt seems a long way away from planting because of snow and ice. However, the U.S. Department of Agriculture (USDA) is already thinking about planting. During the Agricultural Outlook Forum in Arlington, Virginia, the USDA released its acreage estimates for 2018. The USDA says corn and soybean acres will be …
Soybean Industry Meeting Needs of Animal Agriculture
The United Soybean Board (USB) is meeting this week in Mobile, Alabama. Included in the event is an animal nutritionist panel discussion designed to help the soybean industry learn more about meeting the needs of the animal ag industry. USB Vice-Chair Keith Tapp, a Kentucky farmer, told Southeast AgNet they want to make sure they are meeting the needs of …
Southeast Grower Breaks 100-Bushel Soybean Barrier
Many soybean growers across the Southeast would love to hit or break the 100-bushel soybean barrier, and one did it this past season. The Asgrow Soybean Brand recently announced the winners of its 2017 yield contest, and Dennis Moon from Colbert, Georgia was one of the top yielders with 101 bushels per acre with Asgrow AG46X6, an Asgrow Roundup Ready …
Agri View: Soybeans, Our Number One Crop
Everett Griner talks about this year’s planting of corn, wheat, and our number one crop, soybeans in today’s Agri View. Soybeans, Our Number One Crop As you travel across the backroads of this country, even the interstates, you see vast fields of wheat. It has many uses, but essentially it is the bread we put on our table. If you …
ASA Hires Ryan Findlay as Chief Executive Officer
The American Soybean Association announced the selection of Ryan Findlay as its new Chief Executive Officer.  Findlay replaces Stephen Censky, who left ASA in October of 2017 after confirmation by the U.S. Senate as Deputy Secretary of Agriculture. “ASA is extremely pleased to have found someone of Ryan’s caliber and experience to lead us into our next chapter as a …
USDA February WASDE Report
The latest monthly World Agriculture Supply and Demand Estimates (WASDE) report from the Department of Agriculture shows lower estimated soybean exports for the 2017-18 crop year. USDA lowered soybean exports by 60 million bushels to 2.1 billion bushels. The U.S. season-average soybean price range for 2017/18 is projected at $8.90 to $9.70 per bushel, unchanged from the previous report. USDA …
CME Group Mulling Changes to Corn and Soy Contracts
CME Group is mulling potential changes to corn and soybean markets to address concerns the contracts’ prices are not accurately reflecting the underlying U.S. cash grain markets. Reuters reports that CME Group says it is “only in listening mode,” and that no changes are permanent. CME Group has been talking with customers about potential adjustments, as the discussions signal a …
Ice Blockage In Major Waterways Slowing Grain Shipments
The brutally cold arctic air that’s covered the U.S. at different times this winter has caused an unusually high buildup of ice in some of the nation’s waterways. Portions of the Mississippi, Illinois, and Ohio Rivers that are open year-round have become smaller, or closed entirely, due to ice buildup. Mike Steenhoek of the Soy Transportation Coalition says it’s impacting …