soybean production Archives

A soybean crop near St. Adolphe, south of Winnipeg, in September 2023. Manitoba is estimated to have planted 1.426 million acres to soy in 2024, down from 1.595 million in 2023.

Guides, Soybean Production Guide, Soybeans

Prairie soybean crops stand to benefit in changing climate

Conditions that have curbed soy acres in the West were more market-related than meteorological

By Bruce Burnett September 16, 2024

Soybeans have been at the vanguard of longer-season crops moving into the Prairie region. The soybean area in Western Canada has expanded rapidly over the past two decades. Manitoba’s soybean acreage increased from zero to over one million acres in the first decade of the 2000s. Manitoba’s soybean acreage continued to increase in the past […] Read more

Markets

Attaché trims Argentina soybeans, but crop still more than double

By GFM Network News March 18, 2024

Soybean production in Argentina for 2023/24, along with beginning stocks and imports were revised downwards by the United States Department of Agriculture attaché in the capital of Buenos Aires.

File photo of harvesting near Wymark, Sask., south of Swift Current, on Sept. 8, 2020. (Nancy Anderson/iStock/Getty Images)

Markets

IGC sees world crop production rising in 2024/25

By GFM Network News March 14, 2024

World production of wheat, corn and soybeans are all forecast to rise in the 2024/25 crop year, according to the first estimates from the International Grains Council for the upcoming growing season, released March 14.

A cargo ship is loaded with Brazilian soybeans bound for China. (Photo: Reuters/Paulo Whitaker)

Crops, Markets, Soybeans

Brazil to become top soybean producer, USDA says

By GFM Network News January 8, 2020

MarketsFarm — Brazil is set to pass the United States as the world’s top producer of soybeans during the 2019-20 marketing year, according to a report from the U.S. Department of Agriculture (USDA). As soybean production in both countries has risen dramatically over the last 10 years, the U.S. continued to lead the world in […] Read more

Vanessa Kummer checks the quality of her family farm’s 2018 soybean crops near Colfax, N.D. on Aug. 6, 2019. (Photo: Reuters/Dan Koeck)

Crops, Markets, Soybeans, Weather

U.S. books latest end to soy harvest in a decade

By GFM Network News November 13, 2019

MarketsFarm —The U.S. Department of Agriculture (USDA), in its oilseed crops outlook issued Wednesday, said the country’s 2019 soybean harvest will wind up the latest in 10 years. As of Sunday, the overall U.S. soybean harvest stood at 85 per cent complete, according to USDA’s weekly crop progress report. The pace was two points behind […] Read more

Crops, Markets

CBOT weekly outlook: What happens with corn, will happen to soybeans

By GFM Network News June 12, 2019

MarketsFarm — Although there were no major changes to soybeans in June’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture, the commodity’s price shot up on the Chicago Board of Trade. USDA on Tuesday issued its monthly WASDE report, in which estimated U.S. corn production was lowered by nine per […] Read more

Crops, Markets

USDA sees smaller soy crop in 2019, more corn

By GFM Network News May 10, 2019

MarketsFarm — U.S. farmers will grow more corn and fewer soybeans in 2019, according to the first production estimates of the year from the U.S. Department of Agriculture. Ending stocks of both crops are expected to remain large. U.S. soybean production for 2019-20 was forecast at 4.15 billion bushels by the government agency, which would […] Read more

(Ablokhin/iStock Editorial/Getty Images)

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Higher prices don’t jibe with corn, soy production

By GFM Network News December 19, 2018

CNS Canada — Trade is starting to slow down for the holiday season at the Chicago Board of Trade, which has corn and soybean traders looking at the larger picture. Scott Capinegro, a broker with Barrington Commodities at Barrington, Ill., believes prices for corn and soybeans are currently too high. “(The world) continues to plant, […] Read more

A double rainbow over a Manitoba soybean field. (ImagineGolf/iStock/Getty Images)

Crops, Markets, Soybeans

Smaller Manitoba soybean crop expected

By GFM Network News September 11, 2018

CNS Canada — Like most crops grown this year, Manitoba’s soybean yields were also highly variable in 2018. While early reports point to smaller production overall, lower-than-average yields won’t translate to higher prices, given prospects for a large U.S. crop. Manitoba soybean yields are “anywhere from 20 to 50” bushels per acre, said Mark Jorgenson […] Read more

Corn, Crops, Soybeans, Spring Wheat

AMIS adjusts world grain production outlooks

By MarketsFarm Team, GFM Network News July 6, 2018

CNS Canada –– Global supply-demand outlooks, released by the market monitoring agency of an alliance of 11 international organizations, point to lower corn production for 2018-19. The Agricultural Market Information System (AMIS) Market Monitor report for July said the record corn harvest in 2017-18 will slip by more than four per cent in 2018-19. That’s […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News