The USDA forecast projects Illinois farmers will plant 8.7 million acres of soybeans, the state's smallest crop since 1976. The USDA says the nation's corn growers will plant their biggest crop since 1944 as they try to cash in on near-record grain prices spurred by demand for ethanol. Department of Agriculture's first estimate of the nation's 2007 crop. Department of Agriculture, corn planting will be up 15 percent this year to over 90 million acres. Illinois' second-biggest crop --...

However, the soyameal export in March declined by more than 20 per cent at 5.65 lakh tonnes against 7.1 lakh tonnes in the corresponding month last year. On the slowdown in exports in March, Agrawal said the soyabean meal prices rose very high in the month, affecting the export demand. Interestingly, according to data compiled by another oil industry chamber Solvent Extractors' Association of India, the export of soyabean meal during last fiscal increased by seven per cent to 36....

farmers told the USDA they plan to plant more than 12 million more corn acres and 8 million less soybean acres in the upcoming growing season. Now, the market will move to see if the weather will cooperate and allow those acres to be planted. This report might show more need for the market to provide incentives for Brazilian farmers to clear land to plant 5 million to 8 million more acres of soybeans. For example, he asks, does North Dakota have enough ammonia tanks to plant 900,000 more...

There seems to be more strength in the soybean market right now. Some acres may switch back to beans "Those are important factors and the bean market is trying to buy back some acres," says Wisner. Also, some farmers may change their mind about planting more corn and switch some corn acres back to beans as corn prices have declined following release of the USDA report. The acreage shift to corn projected in the report was bigger than many analysts anticipated. Also, more corn following...

Published April 05, 2007 11:52 pm - Farmers should be wary of Asian Soybean Rust If the disease were to spawn itself on a host, it could wipe out 80 percent of a farmer s crop yield By SCOTT NILES Courier staff writer OTTUMWA Spores of the Asian Soybean Rust have been found in Iowa for the past two years, but only one case of the actual disease has been spotted. Published April 05, 2007 11:52 pm - Farmers should be wary of Asian Soybean Rust If the disease were to spawn itself on a host,...

Soybean futures are competing with corn futures for soybean acres. It was reported that about 6,000 spreads were done near the close of the market offsetting active fund rolling as the funds liquidated old net long positions in April futures. As with corn exports, soybean exports were quiet. This market shows signs of losing steam, at least through late March and early April, on declining crude prices and increasing crop acres. Profit taking by chartists fueled early fund selling as mixed...