soybeans

The value of all U.S. exports has grown at an average annual rate of 6% since 2002 and reached a record high of $1.4 trillion in fiscal year 2021.  The USDA said while the bulk of U.S. exports consists of industrial supplies and capital goods, agriculture’s share of total U.S. exports has ...

NASS announced Tuesday the agency will review all available acreage data for select crops.  The agency said it will review planted and harvested acreage for chickpeas, corn, cotton, dry edible peas, lentils, peanuts, rice, sorghum, soybeans, and sugarbeets, in preparation for the September Crop Production report.  The rev...

There are a lot of things you can say about high commodity prices.  They make export values look really good, but sometimes those high prices can reduce the actual amount of product that overseas buyers are willing, or able to buy from American producers.  Th...

The USDA's current Ag export forecast for the current fiscal year, which comes to an end September 30th, calls for a record $191 billion of ag sales overseas. "Would be, if realized, an 11% over 202." So, are American producers going to hit that $191 billion mark...

Late last week, USDA released its latest Ag Prices Report, and to no one’s surprise, there were two key topics of discussion.  The rising commodity prices received by farmers in June, and the rising cost of inputs.  Gary Crawford breaks down the details.   If you...

The delegates of the U.S. Grains Council elected Josh Miller as Chairman of its Board of Directors during the Board of Delegates Meeting in California. “It’s important to me to learn as much as I possibly can,” Miller said during incoming remarks. Miller is a f...

The Goodyear Tire & Rubber Company recently announced that two lines of its commercial tires are now made with a renewable soybean oil compound.  The Goodyear Metro Miler G152 and G652 tires for transit buses, along with the popular Endurance WHA waste haul tire, are now made with soybean oil, which replaces a portion of the petroleum-based materials used in their production. Company o... Read

The International Grains Council raised its outlook for total global grain production in the 2022-2023 marketing year, while also increasing its forecast for ending stockpiles.  Wheat and coarse grain production are now forecast at 2.255 billi...

The latest Ag trade numbers come from April, a month in which the United States exported $17.6 billion worth of Ag products; imported almost the same amounts of foreign products. "It was the largest value of agricultural exports and agricultural imports for any other April on record," USDA Economist Bart Kenner said, adding for the first seven months of this fiscal year, October through

Projected US Ag trade continues to reach record numbers. USDA Chief Economist Seth Meyer said the 2nd quarter trade forecast indicates: "The current year we're in now: exports estimated at a record $191 billion." Up by $7.5 billion from February's estimate, fueled by across-the-board rises in exported commodities ...