soybean crop

USDA says high input costs will dampen corn plantings

U.S. farmers will pare corn plantings by 1.5 percent and modestly increase soybean acreage this spring in the face of high input costs, projected the USDA on Thursday. High yields would bring the largest corn and soybean crops ever in America and pull down season-average prices for the two most widely planted U.S. crops.

Lawsuit challenges EPA over pesticide-coated seeds

Renewing a fight that began five years ago, two environmental groups have sued the EPA to force it to regulate pesticide-coated seeds in the name of protecting bees and other pollinators. Seeds coated with neonicotinoid insecticides are used on 80 percent of corn land and 40 percent of soybean land, although researchers question their value against late-emerging crop pests.

Surge in yields brings biggest U.S. soybean crop ever

The U.S. soybean hit parade, with record production in 2016, 2017, and 2018, will continue this year with the largest crop ever, the government forecast on Tuesday with the harvest in full swing. A late-summer surge in likely yields per acre prompted the USDA to say the crop will be 2 percent larger than its previous estimate.

Drought scorches U.S. corn, soy, and wheat crops

U.S. farmers will reap two of their largest-ever corn and soybean crops, the first step to assuring an abundant food supply, the government said on Thursday, despite drought damage in the northern Plains and upper Midwest. The wheat crop, meanwhile, will be the smallest in 19 years.

Bumper U.S. corn and soybean harvests are within reach

The United States is headed for its largest corn harvest ever and its third-largest soybean crop, based on the USDA's annual Acreage report, issued on Wednesday. The mammoth crops would be ready for harvest late this summer, replenishing U.S. grain inventories that are being drained by robust demand at home and abroad.

Drought expands in upper Midwest

Warm and dry weather brought "widespread worsening of drought and dryness" to the upper Midwest in the past week, particularly in Iowa and Wisconsin, said the Drought Monitor.

USDA forecasts highest prices for U.S. crops in years amid global boom

U.S. farmers will reap two of their largest corn and soybean crops ever and sell them for the highest average prices since the commodity boom ended several years ago, said the government Wednesday in its first projections of the fall harvest. The USDA also said that global soybean king Brazil would increase its share of the world market at the expense of U.S. exports.

Unusually dry, or worse, in half of Midwest

Large swaths of Iowa, Wisconsin, Illinois, Indiana, and Ohio are abnormally dry and most of Michigan is in moderate drought due to limited spring precipitation, said the weekly Drought Monitor on Thursday. Arid conditions covered 48 percent of the Midwest, the heart of U.S. corn and soybean production.

U.S. survey indicates corn and soy crops will be smaller than expected

U.S. farmers will plant less corn and soybean land than expected this year, despite a surge in commodity prices, suggesting that tighter grain supplies will persist into 2022, said the USDA on Wednesday. Although with normal weather and yields, the corn and soybean harvests could be the second largest ever, they will not be quite as large as projected by traders and the government.

USDA projects record-setting corn and soybean crops

U.S. farmers will respond to high commodity prices by harvesting their largest soybean crop ever and a corn crop that could tie the record set in 2016, projected USDA on Friday. Delivered to a hungry world recovering from the pandemic, the 2021 corn and soybean crops would fetch some of the highest farm-gate prices in years.

USDA predicts robust farm income in 2021, aided by market rally

U.S. farm income will be a strong $111.4 billion this year, 20 percent above the 10-year average, thanks to a recovery in crop and livestock revenue and larger than usual federal payments, said the USDA. Higher market prices, particularly for corn, soybeans, cattle and hogs, and larger production were forecast to boost farm receipts by $20.4 billion from 2020's level.

Brazil heads, again, for its largest soy crop ever

Despite dry weather at the start of the planting season, Brazil is headed for its second record-setting soybean harvest in a row, said USDA analysts, who forecast the 2020/21 crop at 133 million metric tonnes, up nearly 6 percent from last year.

Record-setting soybean stockpile shrinks to fourth largest ever

In the past year, the record-large U.S. soybean stockpile shrank by 42 percent, thanks to strong demand for the oilseed and the smallest crop since 2013, said the USDA on Wednesday. Nonetheless, the Sept. 1 inventory of 523 million bushels is the fourth largest since soybeans became a major U.S. crop in the 1940s.

After three years at USDA, Censky to return to soy group

One week after the Nov. 3 general election, Deputy Agriculture Secretary Steve Censky will start work for his former employer, the American Soybean Association (ASA) as its chief executive officer. Censky held that post for 21 years before joining the Trump administration in 2017.

Farmers to plant more soybeans next year, stand pat on corn

Recent increases in market prices are making soybeans more attractive, and farmers will respond by expanding soybean acreage by nearly 5 percent in 2021 while holding steady on corn acreage, said Farm Futures on Wednesday.

China buys corn and soybeans ‘to keep me happy,’ says Trump

The expected six-month review of the Sino-U.S. trade agreement failed to materialize on Saturday but President Trump expressed satisfaction with the increasing pace of farm export sales to China. During a news conference, Trump said, "China has been buying a lot of — a lot of things, and they're doing it to keep me happy but they're dreaming about Joe Biden."

‘Outstanding’ conditions point to bumper crops, huge corn and soy stockpiles

U.S. farmers are looking at their largest corn crop ever and a near-record soybean harvest, with huge stockpiles of both crops persisting into fall 2021, said the USDA on Wednesday. Some 2.8 billion bushels of corn would remain in the bin when next year's crop is mature, the largest carry-over since the Reagan era.

World soybean production to rise by 8 percent, says grains council

With a rebound in U.S. production, the world soybean crop will be a record 364 million tonnes in 2020/21, up 8 percent from this season, said the International Grains Council on Thursday. Record-setting corn and wheat crops were also forecast for 2020/21.

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