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Tag "soybean prices"

WASDE Oilseeds: U.S. Soybean Exports Lowered

WASDE Oilseeds: U.S. Soybean Exports Lowered

👤From USDA 🕔Dec 12, 2017

Total U.S. oilseed production for 2017/18 is projected at 132.2 million tons, up slightly due to a small increase in cottonseed. Soybean exports are reduced 25 million bushels to 2,225 million on stronger-than-expected competition from Argentina and Brazil during the

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Illinois: Farm Income Forecast Lower Than 2016 but Better Than Expected

Illinois: Farm Income Forecast Lower Than 2016 but Better Than Expected

👤By Gary Schnitkey, University of Illinois Ag Economist 🕔Nov 22, 2017

Average net income on Illinois grain farms is forecast at around $60,000 per farm in 2017. This forecast is for a composite of grain farms enrolled in Illinois Farm Business Farm Management (FBFM). In 2016, these farms had an average

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Oil Crops Outlook: Export Competition Suppresses Expansion of U.S. Soybean Sales

Oil Crops Outlook: Export Competition Suppresses Expansion of U.S. Soybean Sales

👤From USDA 🕔Nov 17, 2017

USDA’s November Crop Production report forecasts the 2017/18 yield for soybeans at 49.5 bushels, down slightly from last month. The estimate of U.S. harvested area is unchanged at 89.5 million acres, so the yield reduction trims the 2017/18 forecast of

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WASDE Oilseeds: U.S. Soybean Production Down on Slightly Lower Yield

WASDE Oilseeds: U.S. Soybean Production Down on Slightly Lower Yield

👤From USDA 🕔Nov 9, 2017

Total U.S. oilseed production for 2017/18 is projected at 132.1 million tons, down 0.1 million from last month due to lower soybean and peanut production. Soybean production is forecast at 4,425 million bushels, down 5 million due to a fractionally

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Illinois: Corn and Soybean Crop Revenue – Narrowing the Gap

Illinois: Corn and Soybean Crop Revenue – Narrowing the Gap

👤By Gary Schnitkey, University of Illinois Ag Economist 🕔Nov 1, 2017

On average in Illinois, soybeans have been more profitable than corn since 2014 (farmdoc daily, July 25, 2017), an unusual situation given that Illinois is in the heart of the Corn Belt. Both costs and revenue from the two crops contribute

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Grain Market Analysis: Reading the Tarot Cards – DTN

Grain Market Analysis: Reading the Tarot Cards – DTN

👤By Elaine Kub DTN Contributing Analyst 🕔Oct 26, 2017

Back in the Middle Ages when this stuff was popular, agriculture was one of the chief topics on which occult magic was focused. On a visit to his local astrologer, wizard or “cunning woman,” a person might ask about his

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Corn Belt: ‘Breakeven’ in a Tough Environment

Corn Belt: ‘Breakeven’ in a Tough Environment

👤By Keith Good, Farm Policy News 🕔Oct 26, 2017

An article on the front page of Saturday’s Des Moines Register explored issues associated with corn and soybean production, prices, and farm profitability in Iowa.   Meanwhile, the Federal Reserve Bank of Kansas City released a paper last week which

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Grain Markets: Soybean Acreage in 2018

Grain Markets: Soybean Acreage in 2018

👤By Todd Hubbs, University of Illinois Ag Economist 🕔Oct 23, 2017

As harvest continues throughout the Corn Belt, we enter the time of year for speculation about the number of acres to be planted in the U.S. during the next crop year. Planting decisions begin with fall seeded crops, like winter

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Soybean Market: Bullish Scenario Brewing – DTN

Soybean Market: Bullish Scenario Brewing – DTN

👤By Todd Hultman, DTN Analyst 🕔Oct 18, 2017

By now, you have heard USDA lowered its estimate of U.S. ending soybeans stocks from 475 million bushels to 430 mb for 2017-18 in Thursday’s WASDE report and watched November soybeans jump up 28 cents last week to its highest

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Grain Markets: Expectations for Corn, Soybean Prices over Next 5 Years

Grain Markets: Expectations for Corn, Soybean Prices over Next 5 Years

👤By Gary Schnitkey and Todd Hubbs, University of Illinois Ag Economists 🕔Oct 18, 2017

Many farm decisions are aided by having longer-run projections of corn and soybean prices. For example, determining the appropriate level of cash rents is aided by price projections. In this article, several longer-termed projections are presented. For the 2017 marketing

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