The soybean processing industry is expanding in the U.S. due to the push for green fuels, such as renewable diesel and sustainable aviation fuel made from soybean oil. The result of that increased crush will be an excess of soybean meal.
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There are two new soybean factsheets published on the Soybean Research and Information Network (SRIN). These factsheets were written by a national group of soybean agronomists.
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U.S. Secretary of Agriculture Tom Vilsack issued secretarial disaster declarations for an additional five Louisiana parishes due to excessive rains. Those parishes are Bossier, Caddo, Grant, Rapides and West Carroll.
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The AgResource team has been on the ground in Mato Grosso, Brazil this past week. Here's a summary of their findings from the soybean rows.
A large Brazilian soybean crop will be harvested in the next 30 to 45 days, and most likely USDA, CONAB (the National Supply Company, a public company under the Ministry of Agriculture, Livestock and Food Supply in Brazil) and private analysts will be forced to raise Brazilian soybean production estimates by 1 million to 3 million tons (37 million to 110 million bushels). A crop of at least 150 million tons versus 129.5 million last year is guaranteed.
In some instances, two heads are better than one. For a new multi-regional research effort, five organizations put their heads together to achieve full genetic yield potential of the soybean. A new partnership, the first of its kind in more than 40 years, aims to increase soybean flower and pod retention. This unrealized value could bring $50 per acre or $400 million in economic return for U.S. soybean farmers.
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Herbicide-tolerant soybeans expand weed control options to include dicamba, 2,4-D and more. Yet many soybean varieties are still sensitive to herbicides that other varieties have been bred to tolerate. That means herbicide residue left in spray tanks and booms from a previous application can damage crops much like herbicide drift.
A new potential cleaning solution may be available from an unlikely source.
“While researching medicinal plants, I discovered natural ingredients that can solubilize a wide range of substances, or force oil and water to mix,” says Zhijun Liu, professor in the School of Renewable Natural Resources at Louisiana State University.
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Pressure on the Federal Reserve is easing prices in the start of 2023, especially in the fuel corridor, according to Jordan Fife, President of BioUrja Trading.
With planting season around the corner, Fife says diesel in particular looks to be more reasonable for producers this year, as it’s trading 10% off from its peak a few weeks ago, and it’s given back almost all the gains it’s had over the year.
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Agroconsult expects Brazil to produce record corn and soybean crops in 2022-23, despite dry weather in the far southern state of Rio Grande do Sul. The firm expect Brazilian soybean production to reach 153.4 MMT, which is just below Conab’s official forecast of 153.5 MMT it forecast in December. Agroconsult projects total corn production at 130.9 MMT, including the first crop at 29.6 MMT and the safrinha crop at 101.3 MMT. In December, Conab pegged Brazil’s corn crop at 125.8 MMT, though that was based off an estimate of the first corn crop and projections for safrinha acreage and yield.
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Goodyear unveiled a tire with 90 percent sustainable materials at the Consumer Electronics Show (CES) last week.
The new tire, which has passed all regulatory and internal tests for road use, makes use of sustainable products such as soybean oil, rice husks, and pine resin, in place of standard compounds.
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Farmers in 11 Louisiana parishes and another 30 parishes and counties in Louisiana, Mississippi and Texas are eligible for disaster aid from the USDA. U.S. Secretary of Agriculture Tom Vilsack sent a letter to La. Governor John Bel Edwards dated December 20, 2022 that Loss Assessment Reports showed sufficient losses in those 11 parishes to warrant a secretarial disaster declaration.
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A letter is now in the hands of the chairs of U.S. Senate and House Appropriations Subcommittees on Agriculture, Rural Development, Food and Drug Administration, and Related Agencies and the Ranking Republican Members on those subcommittees seeking aid for farmers and ranchers who suffered losses due to weather disasters in 2022.
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Pests have always been a yield-limiting problem soybean producers have faced in Louisiana. These pests can rob soybean farmers of both quantity and quality of grain. However, it was not until 2000 that a new invasive species arrived that significantly changed Louisiana soybean production forever.
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The U.S. Department of Agriculture announced the appointment of 19 new farmer-leaders to serve on the United Soybean Board (USB). In addition, 24 farmer-leaders were reappointed. Forty-six leaders and alternates will serve three-year terms, and one new appointed member will serve a one-year term. Leaders will be sworn in for service during the USB December Meeting in St. Charles, Mo.
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Dry weather has allowed for abnormally fast soybean harvest across the country. Farmers in Louisiana, Minnesota, Nebraska, and North Dakota have 100% of their beans out of the field, USDA reported Monday.
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