Corn and soybean futures propelled higher during the month of December due to dry weather in Argentina, strong export demand for grains here in the United States, a lower U.S. dollar, and aggressive fund buying.
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2020 ended on a high note for soybean prices. Contracts soared past the $13 mark, making a memorable ending to 2020. Even though the start to 2021 was a little rocky, as soybeans traded 40 cents off the highs at one point Monday, analysts say there’s still hope for higher prices in the new year.
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By late fall, much of the Midwest is a pleasing landscape of dry, harvested corn fields. It makes for a bucolic rural scene on highway drives. But the corn litter that’s left over doesn’t seem useful, at least to untrained eyes.
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U.S. soybean future prices are on the rise amid continued Chinese demand and concerns of tight global supplies, putting markets in a “rationing” mode, according to a Cargill executive.
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At a time of record-high interest in how food is produced, a new children’s picture book about soybean farming offers a valuable resource to parents and educators alike. The American Farm Bureau Foundation for Agriculture’s Feeding Minds Press released a new book, today, My Family’s Soybean Farm, along with a companion educator guide.
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Concordia Parish soybean farmers harvested 114,349 acres in 2020 with the average yield per acre totaling 65 bushels. Soybeans acreage topped all other crops combined, while overall crop acreage totaled 153,472 acres, the highest since 2017.
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