Background on the current soybean market, how China might adapt to the changing trade climate, and soybean marketing and storage strategies are among the topics covered in a new North Dakota State University Extension video series.
Soybean producers are faced with the loss of markets for their crop. China has been the primary destination for North Dakota soybean.
The video series, “Soybean Marketing in a Changing Climate,” will keep producers up to date on changes in the soybean markets and the changing trade and marketing climate. Frayne Olson, NDSU Extension crops economist, will host the series.
The series will continue with a weekly “Soybean Marketing Update.” The first update will help producers understand soybean export reporting.
“Any announcement of sales or shipments from the U.S. to China can have an impact on soybean prices,” Olson says. “Understanding the nature of the sales and shipments being reported can help producers understand what is really happening in the market and make more informed decisions.”
“Soybean Marketing in a Changing Climate” and the “Soybean Marketing Update,” along with other important information for producers, can be found on the “Soybean Marketing and Storage” webpage here.
The North Dakota Soybean Council provided support for the production of the series.
The videos are presented below: