Articles Tagged with ''soybeans''

USDA’s Foreign Agricultural Service is still planning to resume publishing its weekly export sales report on Sept. 15, but that report will be much larger than normal because it will contain four weeks of data that haven’t been published because of problems installing a new reporting system, according to USDA officials.

The Agriculture Department is significantly increasing its farm earnings forecast for 2022, estimating that net cash farm income will reach its highest level in a decade due to the booming prices for crops and animal products.

The 2022-23 soybean marketing year starts officially on Thursday, and signs indicate exports will get off to a strong start. USDA data shows China is buying heavily, but marketing and education efforts by U.S. farm groups are paying off as demand is also growing in places like Egypt.

The USDA Tuesday raised its forecast for ag exports in fiscal year 2022 to $196 billion, but the department also predicted the value of overseas shipments will fall in FY 2023.

Scientists are reporting some major success in sharply boosting crop yields by engineering plants to be more efficient at photosynthesis - their process of turning light into food.

In a breakthrough for ag research, researchers have shown that soybeans can be transgenically altered to increase the efficiency of photosynthesis and significantly boost crop yields.

Environmental groups are pushing the California Air Resources Board to limit the usage of crop-based biofuels as it considers how to update, and perhaps accelerate, the goals of the state’s successful Low Carbon Fuel Standards program.

The Agriculture Department will allow double cropping to be insured in hundreds of additional counties this winter in an effort to address shortages of wheat and other commodities as a result of the war in Ukraine.

The Goodyear Tire & Rubber Company announced its partnership with the United Soybean Board to release two new lines of sustainable tires.

The USDA said Friday bumped up its forecast for U.S. soybean exports and dropped its prediction for ending stocks as Chinese demand remains strong and competition from Brazil is less than expected.