CHICAGO, Ill. (Reuters) — Archer Daniels Midland is idling its only soybean processing plant in Iowa for weeks in the thick of a record U.S. harvest, the grain merchant said, tightening supplies of soymeal fed to livestock. The temporary closure eliminates a market for farmers to sell their soy as low crop prices slash incomes […] Read more
Tag Archives Soybeans — page 6
American agricultural exports continue their downward slide
When you set a record ag trade deficit for the third consecutive year, the decline isn’t an aberration or a coincidence. It is, in fact, growing proof that a key element of your national ag policy is headed in the wrong direction. And, according to an Outlook for U.S. Agricultural Trade report released by the […] Read more
Southern U.S. Plains hope for canola comeback
Plans to retrofit an oilseed plant in Kansas to crush both soybeans and canola raise optimism for the winter crop
WINNIPEG — The resurrection of canola in Oklahoma and Kansas may begin this fall. Farmers in America’s southern Plains are once again thinking about canola because a major player is retrofitting an oilseed plant in Kansas to crush both soybeans and canola. Scoular, an agribusiness with headquarters in Omaha, Nebraska, and annual revenues of about […] Read more
Massive soybean crop expected
ROCHESTER, Minnesota, Aug 23 (Reuters) — The U.S. soybean harvest will be even bigger than the U.S. government’s record forecast, advisory service Pro Farmer said last week, though it forecast a smaller corn crop than what the U.S. Department of Agriculture expects. Near-perfect growing weather in most areas of the world’s top corn exporter and […] Read more
Big U.S. soybean crop weighs on canola prices
SASKATOON — Analysts say Canadian canola prices are being weighed down by a massive soybean crop in the United States, but there is a glimmer of hope south of the border. The U.S. Department of Agriculture estimates U.S. soybean production will reach a record 124.9 million tonnes in 2024-25. That has pushed prices 18 per […] Read more
Farm vs. forest fight breaks out in the Amazon
Brazil’s ag sector defends expansion of farmland into the rainforest as concerns mount over the continuing loss of trees
RIO DE JANEIRO, Brazil (Thomson Reuters Foundation) — Brazilian farmers are feeling the effects of the climate emergency as drought and floods wreak havoc across the country, but despite poor harvests and rotting crops, they are fighting to protect their right to fell more trees and convert grasslands. The southern Rio Grande do Sul state […] Read more
Soybean convergence bodes well for prices
Brazilian prices have almost caught up with the American crop, which is unexpected but welcome news for the market
SASKATOON — Todd Hultman is closely monitoring a potentially “very bullish” situation for the soybean market. Freight on board (f.o.b.) soybean prices for July have dramatically narrowed between Brazil and the United States. Related stories: Soybean prices in Paranagua that were US$1.75 per bushel lower than those in New Orleans in February are now a […] Read more
Global soybean glut could pressure canola prices
The current estimate calls for a 13 per cent increase from last year, but how that affects canola prices remains to be seen
SASKATOON — The world will be awash in soybeans in 2024-25, and that could be an anchor on canola prices, say analysts. The International Grains Council is forecasting 75.4 million tonnes of global soybean carryout, excluding China. Related stories: That would be 13 per cent more than last year and 31 per cent above the […] Read more
Indo-Pacific a big market opportunity for Manitoba soybeans: industry
Soy Canada representatives spent early February promoting Canadian soybeans by hosting seminars in Thailand and Japan
Glacier FarmMedia – A Manitoba soybean grower sees huge opportunity for Canadian food-grade soybeans after taking part in a trade mission to the Indo-Pacific. “We’re the ones that can have the quality they’re looking for,” said Melvin Rattai. He is chair of the Manitoba Pulse and Soybean Growers and a farmer near Beausejour, and took […] Read more
Concerns raised that U.S. soy crush capacity is overbuilt
SASKATOON — Bankers in the United States are wondering if soybean crush capacity will be overbuilt in that country. They are leery that the sector may be following in the wobbly footsteps of the ethanol industry, which ended up with massive amounts of excess capacity in the 2000s. Related stories: “There is some concern that […] Read more
