Agriculture NewsThe Prospective Planting report and threat of a 25% tariff on U.S. soybean imports to China are affecting corn and soybean prices. They’re escalating questions and concerns by farmers as to their best moves. (FarmDocDaily)
Tag Archives: soybeans
FRIENDLY CROP REPORT
USDA’s latest World Ag Supply and Demand Estimates report pegged ending stocks of soybeans at 550 million bushels, down 5 million bushels from last month, while cutting expectations for Argentina’s soy production. Corn stock estimates went up less than expected, sending the markets on a rally. (FarmWeekNow.com)
Posted in Agriculture News
Also tagged Argentina, commodities, Corn, ending stocks, markets
Comments closed
MORE CORN THAN BEANS?
As ag industry leaders speculate about how much corn versus soybeans farmers will plant this year, the American Soybean Association calls China’s proposed 25 percent soybean tariff “devastating” to U.S. farmers. Some experts think farmers will feel pushed to plant more corn. (Pantagraph)
PLANTING ESTIMATES
U.S. farmers intend to plant 89 million acres in soybeans and 88 million acres in corn this year. It’s the first time soybean acres have beaten corn in 35 years, and the main reason is profitability. (AP)
CRUSHIN’ IT
Soy crushing plants in Argentina’s grain ports are key to Archer Daniels Midland Company’s attempt to take over longtime rival Bunge Ltd. ADM, while one of four firms that dominate global grains trading, is the only company in the group with no crushing capacity in Argentina. (Reuters)
FEWER BUGS?
#Corn and #soybean farmers remain hopeful that recent frigid temperatures will mean fewer insects during the next growing season. What should give growers more hope, however, are warm-to-cold temperature swings, says entomologist Kelly Estes. (FarmWeekNow.com)
BIG #CROPS HANG OVER MARKETS
Large crops produced in the U.S. this year could keep a lid on prices heading into 2018, but the additional bushels offer an opportunity to capture carry in the market, which could improve margins at elevators. The futures carry recently moved wider, incentivizing many elevators to gain ownership of corn and wheat, but farmers generally… read more
WILL #FARMERS RESPOND TO MARKET SIGNAL FOR MORE #SOYBEANS?
U.S. farmers planted 7 percent more soybean acres this season, and it appears the market is calling for more. “If we have the same ratio for corn and beans on April 1, we probably stand to pick up some bean acres, as hard as that is to imagine,” Chip Nellinger, of Blue Reef Agri-Marketing in… read more
#HARVEST NEARLY COMPLETE
Central #Illinois farmers are close to closing the book on the 2017 harvest, logging surprising yields despite season-long weather challenges. “I think the genetics have come so far on these corn and soybean hybrids – they handle stress so much better,” said St. Augustine farmer and IAA Director David Serven. “They maximize every bit of… read more
#Illinois Crop Production Report
Corn: Planted area is estimated at 11.20 million acres, down 3 percent from last year. Harvested area, forecast at 11.05 million acres, is down 3 percent from 2016. Based on November 1 conditions, the Illinois corn yield is forecast at 198 bushels per acre, up 6 bushels from the previous forecast and up 1 bushel… read more
