Posts in Soybeans
Planting Season Hampered by Rain

Planting season for area crops has been “hit and miss” due to uncooperative weather, said Carol Pinnell-Alison, LSU County Extension agent.

With corn planting season complete, farmers are busy fertilizing and performing weed control between rain showers on the crop.

Area farmers planted some 98,000 acres of corn last season, up from the previous year’s total of 72,000, according to Farm Service Agency (FSA) certified acreage numbers.

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Fundamentals Show That the Soybean Market Is Overbought, Analyst Says

When considering the near-term fundamentals, the soybean market remains overbought, and a turn down in vegetable oil prices might spark a significant correction.

July soybeans have consolidated below the April 27 contract high and key reversal day.

The rally in the grain and soy markets has been led by continued dryness for the second corn crop in Brazil, which is causing significant stress. A lot of key growing areas do not have rain in the 7-day forecast, and this continues to drive the corn market higher.

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To Replant or Not to Replant? Consider the Economics

The economic impact on direct farm-level production costs from replanting soybeans can result in an increase in the number of bushels that will be required to offset the incurred production expenses associated with replanting field operations.

The severity of this will depend on the type of soybean technology employed, as differences in the prices for seed, seed treatments and seeding rate can influence the replanting costs and, hence, the number of additional bushels required at harvest to offset those costs.

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3 Reasons Corn Prices Shot Past $7

Up. Up. Up. May 2021 corn futures topped $7 per bushel on April 27. A look at the corn price chart shows a dramatic and consistent climb higher. You can find multi-year highs in many ag commodities.

“These are one of those times that come along generally once every 30 years or so when the markets just really take off,” says Arlan Suderman, StoneX chief commodities economist. “And we just went through this about 12 years ago or so.”

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Corn, Soybeansdon molino
Rice Market: Corn, Soy Strength Provide Spillover Support

September rice futures continued higher this week along with the rest of the CBOT grains. The graphs below illustrate the price trends for the major grains since March 30, 2021. New crop corn, wheat, and soybeans have all added over $1/bu following the NASS Prospective Plantings report released on March 31.

Recall the findings from the survey resulted in limit moves higher in corn and soybeans. Corn futures have caught fire this month as estimates of Brazil’s production continue to fall. From a relative price standpoint, soybeans are losing the acreage battle to corn.

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Rice, Corn, Soybeanskristen oaks
Wet Week Ahead

A review and forecast of the U.S. crop weather scene begins with the impact of the cold snap during the April 21-27 week. That cold event certainly left its mark. Winter wheat in either good or excellent condition declined by four percentage points overall from the previous week to 49% rated good to excellent compared with 53% the previous week. Oklahoma and Texas showed declines in the good-to-excellent totals of 9 percentage points in Oklahoma (70% to 61%) and 10 points in Texas (28% to 18%). In addition, corn planting was slowed by the cold outbreak. Planting did advance 9 percentage points to 17% complete, but fell behind the average pace of 20%.

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Soybeans, Cornkristen oaks
Planting Progress: Soybeans Ahead of Five-Year Average While Corn Lags Behind

While corn and soybean prices continue to march higher, farmers are making progress getting the 2021 crop in the ground. The latest estimates from USDA show soybean planting progress jumped from 3% to 8% in the past week, which is trending 3% ahead of the five-year average. Around 3% of the soybean crop has emerged, which is 1% ahead of last week. Louisiana trails in planting progress, but the other key soybean production states are tracking with the five-year average or even a bit ahead.

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Corn, Soybeanskristen oaks
Louisiana Soybeans May Hold The Future Of Vehicle Tires

Soy checkoff research funding and partnership with the Goodyear Tire and Rubber Company has led to a long range commitment by Goodyear to phase out petroleum derived oils from its products by 2040 and use US soybean oil instead. United Soybean Board member Ed Lqmmers from Nebraska says it was all due to the soybean checkoff from Louisiana and other soy producing states

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Soybeansdon molino
Variety Testing: A Critical Component For Sustainable Production Systems

New row crop varieties — soybeans, wheat, rice, corn, cotton, grain sorghum, sweet potatoes and sugarcane — are released annually by private companies and university breeding programs. Each variety can vary dramatically in yield potential, agronomic traits such as maturity, and resistance to insects, diseases and environmental stress factors. It is important to note a variety with high yield potential at one location may not be competitive in another location because of a lack of adaptability to different environments, including weather patterns, soil characteristics, disease pressure and cropping systems. Furthermore, a variety achieving a high yield or quality one year may not perform as well the next year at the same location because of yearly changes in the environment, such as rainfall or disease patterns.

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The Mississippi River is Running Lower in Baton Rouge Than Past Years, But Will it Last?

A drier-than-usual year up north has Baton Rouge-area farmers and communities along the Mississippi River breathing a sigh of relief as the threat of flooding due to high water levels may not be a significant headache this year.

The river in Baton Rouge appears to have crested last week at about 38 feet, just over what’s considered a moderate flood stage. The National Weather Service projects waters will gradually continue to fall and could even reach minor flood stages by early next week, even with this week's rains.

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Corn, SoybeansAvery Davidson
Corn May Be King, But Soybeans Rule US Exports

By a wide margin, soybeans are the most valuable U.S. farm export, accounting for 18¢ of every $1 in sales during calendar 2020, said the USDA’s Foreign Agricultural Service on Wednesday. Corn, the country’s most widely grown crop, was second in export value to soybeans, which were worth a record $25.7 billion compared with $9.2 billion for corn.

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Corn, Soybeansdon molino