…used for ethanol production. Meanwhile, USDA predicts soybean inventories will total 445 million bushels at the end of the marketing year, an increase from last month’s prediction of 425 million…
U.S. Rice Production Down, Prices Up
…when soybean prices were rising influencing growers to choose soybeans over rice. U.S. rice carryout for 2017 at the time was projected to reach a 30-year high. Some rice acreage…
Perdue: U.S. Farm Exports to Continue Strong in FY 2018
…East Asian and North American trading partners. China is again shaping up to be our top market, led by continued strong soybean sales, while Canada and Mexico remain our second-…
Perdue: U.S. Farm Exports Hit 3rd Highest Level on Record
…up 11 percent from FY 2016, while their value rose 16 percent to $51.4 billion. The surge was led by soybean exports, which reached a record 60 million metric tons,…
Cautious Optimism Ahead in Grain, Ethanol Markets
…will only bring minor improvements unless more free trade agreements are signed. Wheat farmers are struggling on an uphill climb against Russia’s dominance in the world wheat market. Soybean farmers…
Producers More Optimistic in October Survey
…But, the Index of Current Conditions was a little lower than the previous month. Compared to the July survey, fewer producers expect higher corn, soybean, and wheat prices over the…
U.S. Must Make Commitment to Agricultural Research
…(FMD). The United States doesn’t have enough vaccine to address an FMD outbreak, which, if unchecked, would cost the pork, beef, corn and soybean sectors, alone, $200 billion over 10…
Coalition Calls for Double the Funding for USDA Research
…bill. The letter shows China has doubled its commitments to agricultural research. American Soybean Association President Richard Wilkins, whose organization is part of the coalition, said: “We need to regain…
NAFTA Commodity Groups Unite to Urge Negotiation Success
U.S. commodity export groups, along with counterparts from Canada and Mexico, are reiterating their support for free trade. The U.S. Grains Council, along with the U.S. Soybean Export Council, National…
BASF to Acquire Bayer’s Crop Science Unit
BASF has signed an agreement to purchase Bayer’s Crop Science business for $7 billion. BASF is purchasing Bayer seeds for mainstay crops including cotton and soybean, plus the herbicide brand…
Censky, McKinney, Sworn in at USDA
…at USDA. McKinney With the ceremony, Censky officially departed his job as CEO of the American Soybean Association after 23 years, 21 of which he spent as head of the…
China Imports More U.S. Trash than Ag Products
…products to China were more valuable, at $21 billion, but far less in volume. Soybean exports in 2016 to China were worth $14 billion, while corn was worth $1 billion,…
Secretary Perdue Statement on Ibach & Northey Senate Committee Hearing
…Iowa Secretary of Agriculture, will give us a fourth-generation corn and soybean farmer who knows the issues facing producers across the nation. I look forward to their speedy passage through…
Censky, McKinney Confirmations Good News for U.S. Agriculture
…as the CEO of the American Soybean Association where he made market expansion efforts a top priority. Additionally, he served at the USDA under both the Ronald Reagan and George…