A Chinese delegation signed contracts on Sunday to purchase a large amount of U.S. soybeans. The contract is for the purchase of 460 million bushels of U.S. soy worth more than $5 billion. It’s a large increase from the $1 billion contract signed a year ago at this time. The delegation of Chinese buyers represents 11 different companies. China has …
USDA Releases July WASDE, Crop Production Reports
The recent World Agriculture Supply and Demand (WASDE) report by the Department of Agriculture projects corn and soybean farmers will grow more crop than previously anticipated. USDA on Wednesday increased 2017-18 corn production to an estimated 14.255 billion bushels and soybean production to 4.26 billion bushels. Corn production came in slightly above the highest pre-report estimates while soybean production came …
Chinese Buyers Commit to Large U.S. Soybean Purchase
Demand already looks good for the 2017 soybean crop. China is the number one purchaser of U.S. soybeans, buying 60 percent of American soy exports every year. The U.S. Soybean Export Council, along with several American and Chinese organizations, will host a Chinese delegation of buyers at a soybean trade contract agreement signing ceremony. The event takes place on July …
Registration Deadline for Tri-State Agronomic Scout School is Monday
The University of Florida/IFAS along with Auburn University and the University of Georgia will host a Tri-State Agronomic Scout School on June 8 at the Jackson County, Florida Agricultural Conference Center in Marianna, Florida. The event will start with registration at 8:00 AM (CST) and ends with lunch. But Monday, June 5 is the deadline to register for the event. …
USDA Approves Modifications to Margin Protection Plan of Insurance for Crops
The U.S. Department of Agriculture’s Risk Management Agency this week announced greater crop insurance options for farmers against unexpected decreases in their operating margin. Offered through the federal crop insurance program, margin protection insurance for corn, wheat, rice and soybeans will be available in more states and have updates designed to better clarify the real input costs covered beginning in …
May WASDE Report Mostly Neutral
The monthly World Agricultural Supply and Demand Estimates report by the Department of Agriculture released Wednesday predicts a U.S. corn crop of 14.06 billion bushels, down 1.08 billion from last year. The monthly report is also projecting a U.S. soybean crop of 4.25 billion bushels, down from the 4.3-billion-bushel crop last year. USDA projects ending stocks for new crop corn …
NASS Regional Director on Southeast Prospective Planting
USDA’s 2017 Planting Intentions Report indicated there will be more acres of cotton, peanuts and soybeans but less corn acreage across the nation. And according to Jim Ewing, southern region regional director for USDA National Agricultural Statistics Service (NASS), that’s pretty much the scenario for the Southeast. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst …
USDA Says Corn Plantings are Losing Ground to Soybeans
Friday’s Department of Agriculture prospective plantings report suggests that U.S. farmers will plant four percent less corn this year compared to 2016 while planting seven percent more soybeans. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
U.S. Farmers Expect to Plant Record-High Soybean Acreage
Planting Intentions Surpass Historic Soybean Record by 6.05 Million Acres, USDA Reports Producers surveyed across the United States intend to plant an estimated 89.5 million acres of soybeans in 2017, up 7 percent from last year and a record high, according to the Prospective Plantings report released today by the USDA’s National Agricultural Statistics Service (NASS). If realized, soybeans will …
Southern Region Planting Intentions
The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) released the Planting Intention Report for the southern region. USDA/NASS estimated a record high 89.5 million acres of soybean planted area for 2017, up 7 percent from last year. Corn planted area is estimated at 90.0 million acres, down 4 percent from 2016. All cotton planted area is estimated at …