The Senate Agriculture Committee will hold a trade hearing next week, titled “Perspectives on U.S. Agricultural Trade.” Among those attending the hearing is Dr. Robert Johansson, the Chief Economist at the Department of Agriculture and mastermind behind the USDA trade mitigation package formulas. The hearing could serve as a chance for Congress to better understand how Johansson figured the payment …
ASA Focusing on Monarch habitat
While trade issues remain a top priority for the soy industry, the American Soybean Association (ASA) is taking a moment this fall to highlight the importance of monarch habitat in its overall conservation efforts, which include soil and water quality, and pollinator preservation. This week, ASA launched a month-long effort on social media to showcase the importance of monarch habitat. …
China Predicted to cut U.S. Soybean exports
China’s exports of U.S. soybeans are expected to plummet over the next marketing year, according to the latest forecast. A soybean crushing industry executive told Reuters this week that China will almost entirely replace its soybean imports from the United States with Brazilian beans and other origins in the upcoming season. The latest forecast from China predicts Imports from the …
Russia Selling 2.5 Million Acres to China for Soybean Production
Soybeans were one of the first major casualties in the ever-escalating trade war between the U.S. and China. Russia is hoping to take advantage of the situation and cut deals with Chinese agribusinesses to make up for lost supply. The Washington Post says the Kremlin will offer roughly 2.5 million acres of arable land to foreign investors. Analysts are describing …
Brazil to Plant Record Soy Crop for 2018/19
Farmers from Brazil are expected to plant another record soybean crop. This would be the 12th consecutive year that Brazil plants a record land area of soybeans, amid strong demand from Asia. Reuters reports that Brazil is likely to expand the area to a record 36.28 million hectares, the equivalent to 89.65 million acres, this season, which farmers will start …
More Numbers from USDA August Crop Report
Some numbers from USDA’s August Crop Report came in as expected, while others varied a bit from projections. Tyron Spearman has a look at more figures from that report. More Numbers from USDA’s August Crop Report Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
USDA Corn and Soybean Forecasts Surprise the Markets
USDA’s first crop production report based on farm and field surveys had a few surprises. Gary Crawford has the story. USDA Corn and Soybean Forecasts Surprise the Markets Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Brazilian Judge Suspends Glyphosate Use
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 Forecasts Record High Corn Yield and Soybean Production for 2018
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 …
Soybean Analyst Says China May Have to Buy More U.S. Soybeans
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 …