Posts in Soybeans
Market Update for Corn, Soybeans, Rice, and Cotton: May 2024

The 2024/25 U.S. corn outlook is for larger supplies, greater domestic use and exports, and higher ending stocks. The corn crop is projected at 14.9 billion bushels, 3 percent down from last year’s record as increases in yield helped partially offset decreased area. The yield projection of 181.0 bushels per acre is based on a weather-adjusted trend assuming normal planting progress and summer growing season weather, estimated using the 1988-2023 period. 

Read More
April 2024 Louisiana Soybean Update: Planting Progress and Replanting Considerations

Louisiana's 2024 soybean planting season had a later start compared to last year but was ahead of the historical five-year average according to the latest USDA-NASS survey as of the week ending April 7th, 2024. Recent precipitation, particularly the heavy storms on April 10th, have likely slowed planting progress and may raise concerns about stand establishment due to factors such as soil crusting, hail damage, and flooding/saturated soils.

Read More
Soybeansdon molino
Louisiana Farm Bureau, LFETA Seeking Locations of Grain Bin Rescue Tubes

The Louisiana Farm Bureau Federation is working with the Louisiana Fire and Emergency Training Academy in compiling the locations of grain bin rescue tubes across the state.

Grain bin rescue tubes are specialized pieces of equipment used by first responders to help safely remove someone trapped by flowing grain inside a grain bin or other grain storage facility.

Read More
Crop Market Update for Corn, Soybean, Rice, and Cotton: March 2024

The WASDE’s March outlook for 2023/24 U.S. corn remains relative to last month. The season-average corn price for producers has been lowered to $4.75 per bushel based on observed prices to date.

The outlook for U.S. soybean supply and use for 2023/24 also remains unchanged for March. While soybean crush is unchanged, the soybean meal extraction rate has been bumped up slightly, and soybean meal exports are mostly higher due to lower domestic use. The U.S. season-average soybean price forecast stays unchanged at $12.65 per bushel.

Read More
Where Dicamba Fits in 2024 and Beyond

The court ruling revoking registration for three dicamba products designed to spray over dicamba-tolerant soybeans was the “shot heard around the world” in farmer circles. Roughly a week later, many let out a sigh of relief when U.S. EPA indicated that existing stocks of Engenia, XtendiMax and Tavium could be used if certain deadlines were met.

Read More
Soybeansdon molino
USDA Seeks Nominees for the United Soybean Board

The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) is seeking nominees for the United Soybean Board to succeed 16 members who represent Arkansas, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Minnesota, Missouri, Nebraska, North Carolina, North Dakota, Ohio, Pennsylvania, South Dakota and Virginia, and one alternate member in Georgia, all with terms that expire December 2024. Individuals appointed to the board will serve three-year terms beginning in late 2024 and ending in 2027. The deadline for nominations is May 3, 2024.

Read More
SoybeansAllie Shipley