While the United States Department of Agriculture raised its yield projections for 2024/25 in its latest supply and demand report on Aug. 12, production varied from the July estimates due to changes in the amount of planted acres. The August edition of the USDA’s World Agricultural Supply and Demand Estimates is its first report in […] Read more
Tag Archives Soybeans — page 17
USDA adjusts August supply and demand numbers
USDA forecasts record soy, bumper corn crops
Reuters – The U.S. Department of Agriculture raised its estimates for corn and soybean production from a month earlier on Monday, adding to expectations of hefty global supplies of both crops. The agency raised its estimate for the 2024/25 soybean crop to a record 4.589 billion bushels, above 4.435 billion bushels seen last month and exceeding 4.469 billion bushels expected by analysts. USDA forecast a […] Read more
Scout your soybeans for pest, disease issues
OMAFRA Field Crop Report for the week of August 5
August is the most critical month for soybean growth, development, and setting final yield. It’s important to scout fields to assess production issues and take control measures if necessary to maximize yield potential. Bean leaf beetles Bean leaf beetles feed on leaves and the surface of the pod, leaving only a thin film of tissue […] Read more
U.S. grains: Corn, soybeans ease on US crop expectations, demand concerns
Chicago | Reuters—Chicago Board of Trade corn and soybean futures turned lower on Wednesday as markets came under pressure from expectations of a U.S. bumper crop, moderate weather in the Midwestern corn belt and sluggish oilseed demand, traders said. Lingering concerns over the global economy and the pace of China’s soybean imports also pressured the […] Read more
Rain and heat make for promising crop conditions
Areas where crops were planted on time should see good yields
Over the past month, above-average precipitation and normal temperatures have resulted in optimal growing conditions for Ontario and a large portion of the U.S. Midwest. The two-week forecast for the U.S. Corn Belt calls for above-average temperatures and normal precipitation. This hot forecast comes as the U.S. corn crop is pollinating and the soybean crop […] Read more
Government funds soybean climate-change resistance research
Performance Plants Inc. (PPI) is getting a multi-year federal funding boost through the AgriScience Program – Projects Component. Over four years, the agricultural biotechnology developer will receive $2,325,361 to develop a high-yielding, climate change-resistant soybean and enable field testing. “Soybean farming is a cornerstone of agriculture here in Canada,” said Lawrence MacAulay, Minister of Agriculture […] Read more
Soybean industry has choices
Soy Canada executive director outlines big picture for the crop
Glacier FarmMedia – Canada’s soybean industry must navigate forks in the road. During a late June meeting in Dauphin, Man., Soy Canada executive director Brian Innes told growers they should relish the options in front of them. Why it matters: New opportunities exist to grow soybean production in Canada. “Where do we want to go […] Read more
Expect volatility in soybean market from tariff trade distortion
Large U.S. crop and weaker export demand will overhang North American values
The most recent U.S. and Canadian crop surveys indicate that above average yields are expected for Ontario and U.S. corn and soybean crops. Quick lookSoybeans: China is buying soybeans, meal and vegetable oil from countries that are not implementing tariffs on Chinese products. This is distorting trade flows and enhancing price volatility in the soybean […] Read more
Short position in canola edges lower, while soybeans/corn rise
The managed money short position in canola futures edged lower in the latest data, while bearish bets in soybeans hit their largest level in five years and the net short position in corn set a new record, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
China to be a major buyer of U.S. corn in the 2024/25 crop year
Dry conditions could lead China to buy corn this summer, which would be bullish for new crop prices
The ongoing Northern Hemisphere wheat harvest continues to pressure world wheat values. The North American weather premium in corn and soybean markets has evaporated due to optimal growing conditions. Quick lookSoybeans: U.S. and Ontario soybean crops are developing under optimal conditions. North American prices are competitive with South American origin, limiting the downside.Corn: Traders are […] Read more
Cyber-Savvy Farmer
