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Soybean marketplace remains quiet despite positive export news

Soybean marketplace remains quiet despite positive export news

Despite good news for the soybean complex in terms of export demand this week, the markets have not responded with bullish price movement. China has secured at least seven million tons of U.S. soybeans after multiple purchases during the past two weeks. That puts China over halfway towards the 12-million-ton purchase agreement the country made with the United States. Matt Bennett is the CEO and co-founder of AgMarket.Net and he says that despite the good news for the soybean complex, traders...

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Effects from cattle losses in Texas wildfire could be felt for a while

Effects from cattle losses in Texas wildfire could be felt for a while

Wildfires in Texas have been burning for some time. Even with the fire reported to be over 70% contained, the loss of property and life is terrible. Cattle spread across both of those spectrums. While they are livestock property of ranches, they are also lives being...

Giving growers the most options to select the right seed

Giving growers the most options to select the right seed

When selecting seed for the upcoming growing season a grower should be striving to select the right seed for their operation and the right seed for each field. More options allow for more opportunities to make the correct choice. Syngenta Seeds offers three brands and...

U.S. red meat exports had a strong start to 2024

January red meat export data from the USDA and the U.S. Meat Export Federation (USMEF) is showing a strong start to 2024. U.S. pork exports raced to a great start in January, and while beef exports were slightly below last year’s volume, export value trended...

House Ag Committee offers farm labor solution

House Ag Committee offers farm labor solution

The House Agriculture Committee laid out a roadmap to relieve labor shortages that have seriously impacted America’s farmers and ranchers. The Agriculture Labor Working Group released its final report on how to improve the H-2A guest worker program. It includes more...

Toyota receives “Friend of Corn” award

Toyota receives “Friend of Corn” award

We have long been talking about the battle being fought for the future of biofuels in this country. Between the big oil companies on one side trying to lobby or litigate biofuels out of the marketplace and the current administration saying the EVs are the only option...

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U.S. Export Sales Report (7-18-24)

U.S. Export Sales Report (7-18-24)

The export sales numbers flipped the script this week, with a rather normal week in corn and some optimism in the soybeans. Allendale commodity broker Greg McBride gave an update on the latest report from the USDA. The fairer market weather in the soybeans was...

Soybean prices facing downward pressure

Soybean prices facing downward pressure

USDA analysts are examining soybean planted acreage and other data in hopes of determining the size of the upcoming soybean crop. USDA Outlook Board Chairman Mark Jekanowski. That is less than a 1% increase over last year’s crop. USDA Outlook Board Chairman Mark...