All Eyes on Soybean Oil Demand
U.S. soybean meal has had a steady hand on the wheel of demand for many years, with oil riding shotgun. But it’s a new day — oil’s in the driver’s seat, offering new routes to farmers.
Demand for soybean oil is on the rise; it’s a popular input for a wide variety of products. According to the USDA Production, Supply and Distribution database in February, soybean oil demand has grown even within the past year. During the last marketing year, 9% of U.S. soybean oil was exported, 54% was used for food, feed and other industrial uses and 37% went to biofuels. Compare that to this marketing year, with a dip in exports to 5% and a bump in domestic demand for use in biofuels to 42%.
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March Market Update for Corn, Soybeans, Rice, and Cotton
This month’s 2021/22 U.S. corn supply and use outlook is for increased food, seed, and industrial use, larger exports, and smaller stocks relative to last month.
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Targeting Soybean Maturity
Soybean farmers from across the country all ask the same question: What maturity group am I going to plant?
Farmers in the North and Midwest tend to plant indeterminate soybeans while farmers in the South have traditionally planted determinate soybeans. But times are changing with more Southern farmers switching to indeterminate varieties.
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South American Drought Impacts 50% Of World's Soybean Supply
The global soybean crop keeps shrinking, led by a massive decrease in South America. Last summer, USDA was expecting the combined 2021/22 soybean crop in Brazil, Argentina, and Paraguay to be a record.
Now the forecast calls for the smallest crop since 2018/19. Since December 2021, USDA has lowered soybean production in the three countries by more than 18 million tons:
Brazil: down 7% from 2021
Argentina: down 9% from 2021
Paraguay: down 37% from 2021
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Louisiana Farmer Reappointed Director to United Soybean Board
The U.S. Department of Agriculture announced the appointment of nine new U.S. soybean farmers to serve on the United Soybean Board (USB) and reappointed eight directors for an additional term. Farmer-leaders will serve a three-year term.
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South American Drought Impacts 50% of World’s Soybean Supply
The global soybean crop keeps shrinking, led by a massive decrease in South America. Last summer, USDA was expecting the combined 2021/22 soybean crop in Brazil, Argentina, and Paraguay to be a record.
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Survey Says: Consumers Want Food Made with U.S. Crops
The United Soybean Board (USB) released results of a new survey, highlighting consumer perceptions of U.S. soybeans, soybean farmers and the U.S. food supply chain. According to the survey, consumer support of domestic agriculture has only grown stronger, with 78% of consumers – an 8% increase since the last survey in December 2020 – saying it’s important to purchase U.S.-grown food, including soybeans.
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Don't Focus Only On Ukraine
Keeping eyes on the prize is never easy for grain marketers, especially when bullets start flying. So instead of trying to predict fallout from Russia’s invasion of Ukraine, focus instead on another story.
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Consumers Want Food Made With US Crops
The United Soybean Board (USB) released results of a new survey, highlighting consumer perceptions of U.S. soybeans, soybean farmers and the U.S. food supply chain.
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Louisiana Soybean Parish Estimates: February 2022
This report contains the results from the 2021 December Agricultural and Row Crop County Agricultural Production surveys.
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Herbicide Options Dwindle for Weed Control in Soybeans
For weed control in soybeans, especially for grasses, you need a back-up plan to your back-up plan this season, says Jared Greuel, founder of Greuel Farm Services, based in east-central Illinois
“There are too many foundational products that just aren’t available for whatever reason,” he says. “People are going to have to expand their comfort zone to figure out what they can use. Whether we like it or not, or want to do it or not, it’s just the situation we face.”
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Urea Prices Fall As Soybeans Rumble Higher
USDA monthly supply and demand reports normally led the news flow, and last week’s numbers from the government did make a few waves. But there are plenty of other ripples moving through the markets, including what could be the light at the end of the tunnel for sky-high fertilizer prices.
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USDA to Survey Farmers' Planting Intentions for 2022
As the 2022 crop production season begins, the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) will contact approximately 1,100 Louisiana producers to determine their plans for the upcoming growing season.
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Now Accepting Applications for Valent, ASA Ag Voices of the Future Program for College Students
The American Soybean Association (ASA) is now accepting applications for the Valent Ag Voices of the Future program, which will be held July 11-14, 2022, in conjunction with the summer ASA Board meeting and Soy Issues Forum in Washington, D.C.
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Soybean Webinar: Misconceptions Across Soybean Growth Stages
A free webinar “Misconceptions Across Soybean Growth Stages” will be held on Thursday, February 24, 2022, at 11 am CST/Noon EST. The webinar will be conducted by Soybean Extension Specialists from across the U.S. who are collaborating on a United Soybean Board funded initiative called ‘Science for Success.’
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