soybeans
Soybean planting far behind normal in Kansas and Missouri
Growers in Kansas and Missouri, which produce more than 10 percent of the U.S. soybean crop, have planted less than half as much of the soybean land as usual for the first week in June, says the weekly Crop Progress report.
Smaller corn, soy supplies but big harvests on horizon
Stockpiles of U.S. corn and soybeans are smaller than expected, giving a boost to futures prices in the near term, although massive harvests of the two most widely planted crops in the nation are on the horizon.
Polls point to largest soy plantings ever; record crop possible
For the second year in a row, farmers will plant a record amount of land to soybeans, according to polls of analysts ahead of the annual Prospective Plantings report due on Tuesday. The USDA report is based on a survey of 80,000 operators and the first broad-scale sample of farmers' crop plans for the year. Polls by Reuters and Bloomberg show analysts expect soybean plantings of 85.9 million acres, up 2.6 percent from last year's record 83.7 million acres.
Soy crop is second-largest ever, analysts say
Farmers planted slightly more land to soybeans than they planned in June, analysts said ahead of a USDA report that will provide the best evidence yet of this year's crops. In surveys by Reuters and Bloomberg, analysts forecast soybean plantings at a record 85.3 million acres, up 1 percent from the USDA's March survey of intentions and 2-percent more than the mark set last year.
China squeezes out other foreign buyers of U.S. soybeans
More than 1 billion bushels of U.S. soybeans are likely to be shipped to China during the current marketing year, say economists John Newton and Todd Keuthe of U-Illinois, who ask, "Are all our beans in one basket?"
Senate bill obliges USDA to keep grain flowing for export
The Senate Agriculture Committee approved by voice vote a bill that obliges the USDA to minimize any disruption in federal inspection of grain for export, a vital step before U.S. grain can be loaded on cargo vessels. The legislation is a response to last summer's labor dispute that led to a month-long lapse in inspection at Vancouver, Washington. The House Agriculture Committee included similar language a month ago in its bill to reauthorize the Grain Standards Act.
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.
In key report, USDA projects big corn, soy crops
The government will make its first estimate of the winter wheat crop and project the corn and soybean harvests in a pair of reports on Tuesday that traditionally rank among the most important of the year. They mark the moment when the USDA turns its attention to the new crops and when the key question for 2014's crops becomes the size of the stockpile when the marketing year ends.
KSU sees higher prices for 2015 crops than USDA
U.S. corn, wheat and soybean growers will sell their 2015 crops for a higher average price than USDA projected a month ago, says ag economist Dan O'Brien of Kansas State University.
Farmer survey points to record soy plantings, sorghum surge
U.S. growers intend to plant a record amount of land with soybeans this spring, and to boost the acres of sorghum, now in high demand for export to China, according to Farm Futures magazine's survey of 1,297 growers in 41 states during the first half of March. Its estimates of 87.25 million acres of soybeans and 8.4 million acres of sorghum are higher from forecasts by Kansas State University and the think tank FAPRI.
Farmers’ planting plans point to No. 2 soy, No. 3 corn crops
U.S. farmers intend to sow a record amount of land to soybeans and pare back on corn planting this spring, the government said in a report that puts the second-largest soybean crop ever and the third-largest corn crop on the horizon. Mammoth crops would mean at least one more year of comparatively low commodity prices after the price peaks of 2012. Abundant supplies would help hold down food price inflation.
Soybean inventory expected to tighten slightly
Traders expect the USDA to lower by 2 percent its forecast of the U.S. soybean stockpile today in its monthly WASDE report. At the moment, supplies are projected to be the largest in eight years, at 385 million bushels, the result of a record-setting harvest last fall.
If corn, soy plantings dip, look to the South and Plains
The long run of market prices that began in 2006 lured farmers to expand plantings of corn and soybeans by 20 million acres. Most of the increase came from the Plains states and the South, say economists John Newton and Todd Keuthe of U-Illinois.
Soy farmers back voluntary non-GMO label
The American Soybean Association "wants to change the dialogue on GMO labeling by supporting a voluntary certified non-GMO label through USDA," says DTN.
Soybean inventory to balloon, corn stocks to contract a bit
The second mammoth soybean crop in two years will swell U.S. supply to its largest size in nine years, says the Agriculture Department in updated projections for this year's crops. The soybean stockpile, forecast for 385 million bushels when this year's crop is mature, is expected to grow by 12 percent, to 430 million bushels, by Sept. 1, 2016, despite record soybean exports, says the USDA. On the final day of its annual Outlook Forum, it projected...
Near-record soybean harvest may follow last year’s top crop
U.S. soybean farmers could reap a near-record 3.81 billion bushels of soybeans this year, adding to an ample stockpile and pulling down prices, says economist Darrel Good of U-Illnois.
Dow gets cold shoulder for its 2,4-D seed technology
Two major seed companies say they don't plan to use Dow's genetics that allow soybeans to tolerate the herbicides 2,4-D and glyphosate, says Bloomberg.
USDA approves GE cotton and soy that tolerate dicamba
The government approved cultivation of genetically engineered cotton and soybean varieties from Monsanto that tolerate the weedkillers dicamba and glufosinate. So-called super weeds that are resistant to glyphosate, a widely used herbicide known as Roundup, have prompted work on biotech plants that can be matched with other herbicides.USDA said a Federal Register notice of its decision was scheduled to appear on Tuesday, the effective date for deregulation of the new Monsanto strains.
Exports boom as bumper corn crop pulls down farm-gate prices
U.S. corn exports are climbing for the third year in a row and will be the fourth largest on record this trade year, thanks to the mammoth crop now being harvested and falling market prices, said the Agriculture Department on Thursday. The 15.2 billion-bushel crop would be just a hair smaller than the record set last year.