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China steps up U.S. soybean purchases ahead of Trump-Xi meeting

China steps up U.S. soybean purchases ahead of Trump-Xi meeting

China has increased purchases of U.S. soybeans following a May summit between President Donald Trump and Chinese President Xi Jinping, providing a boost for American soybean exporters. The U.S. Department of Agriculture reported China purchased 238,000 metric tons of U.S. soybeans last week. Bloomberg said that puts purchases roughly one-quarter of the way toward a U.S. commitment for China to buy at least 25 million tons annually through 2028. The Trump administration has also said China...

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Farm income forecast is a tale of two farm economies

Farm income forecast is a tale of two farm economies

New data from the Department of Agriculture predicts farm income to increase in 2025. The latest Net Farm Income Forecast from USDA’s Economic Research Service predicts farm income to increase in 2025. However, Bernt Nelson, an economist for the American Farm Bureau...

Soybean producers face uncertainty in ongoing trade fight

Soybean producers face uncertainty in ongoing trade fight

U.S. soybean producers are once again caught in the middle of a trade war. China has been slow to make purchases, leaving farmers worried about where demand will come from. This marks the second Trump administration and the second time American agriculture has been...

Iowa soybean fields need to end the year strong

Iowa soybean fields need to end the year strong

It may feel like there isn’t much of a choice for seed genetics anymore, but companies like BASF are making an effort to provide new genetics that stand out from the competition and give farmers some unique choices. Colin Rogers, BASF seed agronomist, said Xitavo...

Yield results from Allendale survey lower than USDA estimates

Yield results from Allendale survey lower than USDA estimates

The Allendale brokerage firm has released yield results collected from a recent survey of farmers. The numbers are not particularly far off from the USDA August Crop Production estimates. Rich Nelson of Allendale said they’ve done this survey for a long time. Nelson...

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Non-food uses for U.S. soybeans

Non-food uses for U.S. soybeans

The livestock industry drives most of the demand for U.S. soybeans, but there are actually plenty of non-food opportunities for soybeans as well. Soybean protein can be used in rubber products, which opens the door for a myriad of different uses. United Soybean Board...