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
Tag Archives Soybeans
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
Sunflower acres expected to drop
It’s become a familiar story in Manitoba. If growers have a choice between soybeans and another crop, beans usually win out. Such is the case this spring with sunflowers. Soybeans will set another acreage record and sunflowers will possibly hit the second lowest level ever in the province. Statistics Canada has predicted 50,000 acres of […] Read more
Three million & climbing
Prairie farmers appear to be getting a good start on their efforts to meet Soy Canada’s ambitious soybean targets. Statistics Canada’s first seeding intention survey of the year has found that farmers plan to grow almost three million acres of the crop in 2017.
Canadian farmers will be growing 10 million acres of soybeans by 2027 if Soy Canada has its way. The industry association has established a series of targets, including doubling production to 13 million tonnes. “We think these are aggressive targets but achievable,” said executive director Jim Everson. “We want to set out some goals that […] Read more
Low protein lowers price
Buyers of western Canadian soybeans are worried about protein. A few customers have expressed concerns about beans from Manitoba and Saskatchewan because protein levels in shipments have been below standard. Francois Labelle, executive director of the Manitoba Pulse & Soybean Growers Association, said the protein issue has come up at industry meetings this winter. “It’s […] Read more
Lower protein a problem in prairie soybeans
Buyers of western Canadian soybeans are worried about protein. A few buyers have expressed concerns about beans from Manitoba and Saskatchewan because protein levels in shipments have been below acceptable levels. Francois Labelle, Manitoba Pulse & Soybean Growers Association executive director, said the protein issue has come up at industry meetings this winter. “It’s just […] Read more
Fund buyers send soybean futures prices off kilter
CHICAGO, Ill. — Crop markets are not behaving as they should given the fundamentals, says an analyst. “There’s a lot of things going on in our markets that really don’t seem to make sense,” said Tregg Cronin, a farmer and broker from South Dakota. When that happens, he looks to the basis and spreads for […] Read more
