WINNIPEG, (MarketsFarm) – The United States Department of Agriculture (USDA) September supply and demand report saw downward revisions for corn and soybeans, but kept its estimates for wheat where they were in August, The department released its World Agricultural Supply and Demand Estimates (WASDE) on Sept. 12. “Prices rallied after the report came out because […] Read more
Tag Archives Soybeans — page 10
Trade war bad news for N.D. soybean farmers
Producers in North Dakota are reeling from the loss of a customer base that they spent two decades cultivating
COLFAX, N.D. (Reuters) — North Dakota bet bigger on Chinese soybean demand than any other U.S. state. The industry here spent millions on grain storage and rail-loading infrastructure while boosting plantings by five-fold in 20 years. Now, as the world’s top soybean importer shuns the U.S. market for a second growing season, Dakota farmers are […] Read more
Shift to soybeans changes Manitoba’s weed landscape
The shift to soybeans and corn in Manitoba may be causing a shift in the province’s weed population. Yellow foxtail was a rarity in 2002 and was around the 30th most common weed in the province. In 2016, based on a provincial weed survey, it ranked sixth in a list of the most prevalent weeds […] Read more
China’s soybean demand will eat higher U.S. yields
Soybean production in North America has likely started to surge, but that is OK because China’s demand will keep pace. Those thoughts were floating around the Grain World conference Nov. 15, as analysts and grain trade players tried to spot future trends. Bill Lapp of Advanced Economic Solutions said he suspected soybean yields have begun […] Read more
Push is on for prairie soybean plant
Farmers in Manitoba and Saskatchewan grew more than three million acres of soybeans this year. Almost all of those beans are exported to places like China, where they are processed into soybean meal and fed to livestock. Meanwhile, every year hog farmers in Western Canada import hundreds of thousands of tonnes of soybean meal from […] Read more
Soybean newbies get tips from experts
Many grain producers from the Prairies are about to run soybeans through their combines for the first time. There was a 40 percent increase of Manitoba soybean acreage over last year and a 250 percent increase of the crop on Saskatchewan fields. Soybeans are relatively easy to separate, although there are a few things growers […] Read more
Soy oil claim allowed
The soybean oil industry is finally able to use the same qualified health claim that the canola oil industry has been using for 11 years. The U.S. Food and Drug Administration has approved a petition by Bunge North America for a claim linking consumption of soybean oil to reduced risk of coronary heart disease. It […] Read more
Canada may become fourth largest soybean seed exporter
The crop year has come to a close, and what a year it was for Canadian grain exports and domestic use. Records were posted for canola exports and crush. Another number that stands out is soybean exports. Once Statistics Canada’s final numbers are tallied, soybean exports this year will likely be about 4.5 million tonnes, […] Read more
Manitoba soybeans welcome recent rain
Rains this week that brought 10 to 25 millimetres of precipitation to most of southern Manitoba should aid soybeans. Overall the crop is looking decent, but more rain is needed to maximize yields. “You want those August rains during the pod filling stage. Right now, we definitely need some more (rains),” said Cassandra Tkachuk, Manitoba […] Read more
Soybean cargoes piling up at China’s ports as imports surge
BEIJING, China (Reuters) — Ships carrying as much as 700,000 tonnes of soybeans are lined up along China’s coast waiting to discharge, traders said, as huge purchases in recent months by the world’s top buyer led to severe congestion and lifted stockpiles to multi-year highs. The slowdown at the ports and long wait times to […] Read more
