Articles Tagged with ''soybeans''

American farmers are going to be producing more corn and soybeans than expected this year, which will mean lower expected prices for the crops, according to a new USDA forecast that boosted the department’s predictions for yields in both crops.

Fallen structures, electrical wires and damaged barges are still clogging the lower Mississippi River, but Louisiana Ag Commissioner Mike Strain says he expects the main artery for U.S. ag exports to be at least partially open for traffic in five days or less.

Farmers' financial earnings are expected to increase this year, but fewer government payments and increased production costs will likely offset higher cash receipts, USDA's Economic Research Service said Thursday in its Farm Sector Income forecast.

It’s hard to walk in any store in America today without seeing a “help wanted” sign hanging in the window and companies that move grain are among them — trying to quickly fill positions as harvest approaches.

The nation’s sugar cane crop likely took the biggest beating of any farm commodity from Hurricane Ida as it barreled northeast through Louisiana and Mississippi over the weekend and into Monday, but some cotton, rice, and soybean acres may have seen damage too.

USDA’s Economic Research Service is predicting total U.S. ag exports in the 2022 fiscal year to reach a record $177.5 billion, up $4 billion from the latest forecast for FY 2021 exports.

China’s not yet buying new crop soybeans from the U.S. as fast it did at this time last year, but U.S. sales are still historically strong and increasing quickly in August.

The prolonged drought in the upper Midwest is dragging down crop yields by more than the government or traders expected, although U.S. farmers should produce 4% more corn and 5% more soybeans this year than they did in 2020, according to the Agriculture Department's first survey-based estimates of the fall harvest.

Republicans and Democrats both say they are close to wrapping up the final details of a bipartisan infrastructure package for the Senate to consider.

Soybean farmers recently approved 181 new checkoff-funded projects totaling $78 million focused on increasing demand and value for U.S. soybeans in hopes to boost profitability in the years ahead.