China said on Monday it was set to approve the safety of another genetically modified (GMO) corn variety and a GMO soybean, both produced by Beijing Dabeinong Technology Group Co Ltd.
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The market responded in a bullish way to the January WASDE report for feed grains and oilseeds. Export sales stemming from increased Chinese demand for U.S. agricultural products (e.g. corn and soybeans) is a key factor behind the gains.
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Integrating winter cover crops into an agricultural system is not new, but the potential for improved soil health and crop production have renewed producer interest over the past decade. According to a recent U.S. Department of Agriculture survey, cover crop acreage increased by 50% between 2012 and 2017 across the United States and includes expansion of acreage in the Mid-South.
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Tightening 2020/21 U.S. and South American corn and soybean production estimates led USDA to slash global ending stocks, powering price growth in the aftermath of USDA’s January 2021 World Agricultural Supply and Demand Estimates (WASDE) reports Tuesday.
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This report contains the results from the 2020 December Agricultural Survey.
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This report contains the results from the 2020 December Agricultural, Rice Stocks, and Grain Stocks surveys.
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Last week, Bloomberg News reported that, “China is far away from meeting its U.S. trade-deal commitments, with the latest data showing it’s imported just over half of the American goods it promised to buy in the first year of the phase-one agreement.
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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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