Overseas, harvested land is expanding faster than in the U.S.
While U.S. farmers spent several years in the doldrums, agriculture in the rest of the world “appears to be in a sustained period of prosperity dating to the early 2000s,” said agricultural economist Carl Zulauf of Ohio State University. Growers overseas have steadily expanded the amount of …
Risk of U.S. farm supports exceeding Doha Round targets
There is almost no risk that the United States will exceed WTO limits on agricultural subsidies with the 2014 farm law, but the picture could be far different if Doha Round proposals are adopted, according to three senior economists.
Two-month delay in debut of revived Fats and Oils report
The first edition of the revived Fats and Oils: Oilseed Crushings, Production, Consumption and Stocks report was delayed for two months, until Oct. 1, because of inadequate response by processors, said the USDA.
U.S. ban on trans fats may open doors for Canadian canola
The FDA order to foodmakers to phase out artificial trans fats "will create opportunities for Canada's canola sector, especially high oleic varieties," says Commodity News Service Canada.
In Canada, more land sown to grain, less to oilseeds
Canadian farmers are planting more wheat, corn, barley and oats than last year while cutting back on soybeans and canola, said Statistics Canada, based on a survey of 24,500 farmers from May 28-June 11.
Camelina and soybeans, a potential cash combo in Midwest
Camelina, an oilseed that is little-known in the Midwest, could be a profit-turning partner with soybeans in the upper Midwest, says a study highlighted by the American Society of Agronomy.
Record US soy exports as world harvests biggest crop ever
U.S. soybean exports are headed for a record 1.76 billion bushels this marketing year although the world is flooded with the oilseed, said USDA. In its monthly WASDE report on crop output and usage around the world, USDA raised its export forecast by 40 million bushels, to 1.76 billion bushels, citing "the record export pace in weeks and prospects for additional sales and shipments ahead of the South American harvest."
Big US shift to soybeans in 2015, says farmer survey
Growers plan "a massive shift into soybeans" and away from corn in 2015, according to an email survey of 1,650 farmers by Farm Futures that concluded a few days ago.
Canada harvests bumper oilseed crops
Canadian farmers harvested their sixth record soybean crop in a row and their second-largest canola crop, said Statistics Canada, with the harvest season over. The canola crop was 11 percent larger than the previous StatsCan estimate in October and was 1 million tonnes more than traders expected. Canola is Canada's major oilseed, at 15.6 million tonnes this year, down from 18 million tonnes last year. Soybeans totaled 6 million tonnes this year, up 13 percent from 2013.
Lower prices, brisk sales point to record soymeal exports
Strong demand in the opening weeks of the marketing year and lower market prices are forecast to result in record exports of U.S. soybean meal, said USDA. It estimated sales of 12.8 million short tons, up 10 percent from 2013/14.
Near-record canola imports despite bumper US crop
U.S. growers will harvest a record 2.5 billion pounds of canola this season, thanks to above-average yields and near-record plantings, says USDA in its Oil Crops Outlook report.
Scientists publish genome sequence for canola
An international team of scientists published the genome of canola, the second most-widely grown oilseed in the world and a source of desirable omega-3 fatty acids.
USDA projects record US corn and soy crops
Record yields will result in record large US corn and soybean crops, USDA said at its Outlook Forum, based on current commodity prices, which affect plantings, and on normal weather.