soybean crop
Harvest-time rain cuts Argentine soy crop 15 percent
The Argentine weather agency says the late-season rains that swamped the soybean harvest have reduced the crop by 9 million tonnes, or 15 percent, said Reuters.
A little less corn, a bit more soybeans — it still means mammoth crops
The government releases two important reports this week for forecasting U.S. crop production and supplies for the growing season that is just beginning.
As planting nears, questions about buyers for a GMO soy variety
The planting season has yet to begin, but "some elevators have begun alerting growers that they will not accept" soybeans grown from Monsanto's new genetically engineered strain, Roundup Ready 2 Xtend, unless the EU approves the variety, reports DTN.
A trail of records for U.S. agriculture
The productive capacity of U.S. agriculture is on full display in the USDA's record books: The three largest corn crops ever harvested came in 2013, 2014 and 2015, with back-to-back record-setting crops in 2013 and 2014. Soybean growers set back-to-back records in 2014 and 2015.
Global soybean crop could match 2014 record
Soybean production around the world "could match last season's record," helping to boost the global stockpile to a new record, said the International Grains Council in a monthly report. Soybean stocks would rise despite a sharp 3 percent climb in consumption that includes larger imports by China, the world's larger buyer.
Neck-and-neck for biggest soy crop ever
The U.S. soybean crop is only an eyelash away from being the largest ever harvested, according to traders ahead of the USDA crop report set for release today. In surveys by Bloomberg and Reuters, traders say they expect a crop of 3.914 or 3.915 billion bushels, compared to the record 3.927 billion bushels of 2014.
Record exports for biggest-ever US soybean crop
U.S. soybean exports are headed for a record 1.77 billion bushels this marketing year, nearly 45 percent of the largest crop ever grown by U.S. farmers, says USDA. If the estimate proves true, exports would be 7 percent larger than last season.
Brazil is forecast to reap a record-setting soybean crop
Brazil, No 2 to the United States as a soybean producer, will reap a record 95.5 million tonnes of the oilseed, forecasts USDA - 10 percent than its previous crop.
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."
Record world soybean crop and China soy imports
World soybean production will hit a record 308 million tonnes this year, up 8 percent from the previous season and fractionally larger than an estimate made a month ago, said the International Grain Council. In its Grain Market Report, the IGC said "planting weather in South America was more favourable and, with potentially large 2014/15 outturns in Brazil and Argentina, as well as a bumper US harvest," peak soybean production was in the cards.
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.
Northern Plains grow a lot more grain than they used to
A huge increase in grain production in the Northern Plains over the past decade is an unspoken factor in the transportation snarls reported in the region, says economist David Widmar in the blog Agricultural Economic Insights.
Corn and soybean harvests enter final stages
Only a fraction of the corn and soybean crops are still in the field, says the weekly Crop Progress report. It says 89 percent of corn and 94 percent of soybeans have been harvested.
Are record US corn and soybean crops bigger than thought?
The government will raise its estimates of the U.S. corn and soybean crops modestly when it issues its new forecasts for the record-setting fall harvest, say traders in two surveys.
Soybeans more profitable this year, may be next year too
Soybeans "are projected to be more profitable than corn in 2014," a reversal from most years, but a situation that is likely to prove true again in the new year, says economist Gary Schnitkey of U-Illinois.
Drought dims outlook for Brazil’s soybean crop
Brazil's soybean belt is critically short of rainfall, in the view of consultancy Oil World, which sees a harvest of 89 million tonnes this season, said AgriMoney.
Slow harvest may ease storage squeeze for mammoth crops
The corn and soybean harvest is running far behind normal, says the weekly Crop Progress report. Some 31 percent of the corn crop and 53 percent of the soybean crop was in the bin at the start of this week.
“Neonic” treatment of soybean seed isn’t worth the cost
The practice of coating soybean seed with neonicotinoid pesticides as a safeguard against insect damage provides "negligible overall benefits to soybean production in most situations," says an EPA analysis.