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 Cattle Enhancement Board Provides Opportunities to Develop Preliminary Data For Future Grant …
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 …
Perdue Announces Soybean Board Appointments
Agriculture Secretary Sonny Perdue today announced the appointment of 19 members and 3 alternate members to serve on the United Soybean Board. The producers appointed to serve three year terms include: Annie Dee, Aliceville, Ala. Robert Stobaugh, Atkins, Ark. Gary Berg, Saint Elmo, Ill. Tom Griffiths, Kendallville, Ind. Thomas E. Oswald, Cleghorn, Iowa Larry K. Marek, Riverside, Iowa Dennis Gruenbacher, …
What Growers Need to Know about New Restrictions for Dicamba
The Environmental Protection Agency (EPA) recently announced an agreement with Monsanto, BASF and DuPont on measures to further minimize damage to neighboring crops from the use of dicamba formulations used to control weeds in genetically modified cotton and soybeans. Senior Scientist for Regulatory and Environmental Issues at the National Cotton Council (NCC), Steve Hensley, has information for growers on what …
Cautious Optimism Ahead in Grain, Ethanol Markets
CoBank says rising incomes around the globe will help push demand higher and create more opportunities for U.S. exports in grains, oilseeds, and ethanol. A new report from CoBank’s Knowledge Exchange Division says things like commodity surpluses around the globe, trade agreement negotiations, and the relative strength of key currencies all will influence the scope of growth over the next …