soybeans
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.
Less winter wheat is sown, suggesting less wheat, more soy
Wheat farmers planted the smallest amount of winter wheat in five years and 5 percent less than last year, said the government, based on a survey of growers in early December. Winter wheat is planted in the fall, lies dormant during the winter and sprouts in the spring for harvest in early summer. The total of 40.2452 million acres was far below trade expectations and also was the second-smallest figure in a decade.
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."
Scientists find gene that helps soybeans to tolerate salinity
A collaboration between researchers in Australia and China identified a gene that allows the soybean plant to better tolerate soil salinity, says the University of Adelaide.
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.
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.
Soybean plantings may climb despite downturn in price
U.S. farmers are likely to plant more land to soybeans in 2015 than they did this year despite lower commodity prices, says economist Dan O'Brien of Kansas State University.
Dow will limit sales of GE seeds to avoid market disruptions
The developer of biotech corn and soybean varieties that tolerate 2,4-D and glyphosate pesticides said it is putting restriction on sales of the seeds to prevent the crops from moving into the marketing channel, said Reuters.
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.
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.
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.
Soybean prices below $10 for three years running
Soybeans will sell for less than $10 a bushel, on average, at the farm gate for three years in a row, projected a University of Missouri think tank, because another large crop is likely to follow this year's record-setting harvest.