soybean News
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U.S. Soy Exports Set New Record
Thanks to high demand for reliable, quality soybeans, meal and oil, 2012-2013 U.S. soy exports have remained steady in the number of bushels exported. However, the value of these exports set a record of more than $28 billion, a 19 percent increase from 2011-2012. In the most recent marketing year, which ended Sept. 30, U.S. soybean farmers exported more than 1.7 billion bushels of U.S. soy. ...
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ASA to Review Bayer/Monsanto Acquisition for Impacts on Soybean Farmers
The American Soybean Association (ASA) responded to an announcement today from Bayer and Monsanto that the two companies have signed an acquisition agreement under which Bayer will purchase Monsanto. In a statement, ASA President Richard Wilkins, a soybean farmer from Greenwood, Del., noted that the association will first and foremost evaluate the acquisition with respect to its impact on soybean ...
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Repeat Performance
Bill Bateson liked what he saw from high oleic soybeans so much the first year he grew them, he came back for an encore. Like other Ohio farmers growing high oleic soybeans, Bateson has seen solid performance in the field, and he remains excited about end-user demand for the oil they produce. It offers improved functionality for some food customers, such as fast-food chains and snack-food ...
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U.S. Soybean Oil Market in Mexico Grows
A recent soy-checkoff-funded promotional campaign showed Mexican shoppers the benefits of cooking with U.S. soybean oil, leading to a 15 percent jump in sales. Mexico is a major international destination for U.S. soy. In the most recent marketing year, Mexican customers imported more whole U.S. soybeans and soybean oil than any other country except for China. To increase that demand even more, ...
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Solution to long-term profitability could be found in high oleic soybean varieties
It isn’t every day that farmers in one state get excited about soybeans grown in another. But nationwide excitement continues to build around new high oleic soybean varieties, and farmers are already talking about how they could help to secure and expand U.S. soybean oil demand. These varieties also have the potential to increase long-term on-farm profitability for all U.S. soybean farmers. ...
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Bred to Perform, High Oleic Soybeans Provide Proven Genetics
High oleic soybeans have been in the product pipeline for more than a decade. With millions of dollars invested, seed companies took their time to ensure these varieties perform as expected – for farmers and for food industry customers. But, performance isn’t the only benefit farmers see. They also find that high oleic varieties are bred with the proven genetics that they need on ...
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Animal Consumption Drives Higher U.S. Soy Exports to EU
Customers in the European Union (EU) depend on U.S. soybean farmers to maintain a consistent supply of soybean meal. Currently, they account for nearly 13 percent of total U.S. soybean meal exports. And that level is growing. Although U.S. soybean market share in the EU has declined over the last 30 years, U.S. soybean meal export trade to Europe grew in 2013, thanks in part to intensified ...
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USDA Announces 19 USB Farmer-Director Appointments
Nineteen farmer-leaders will be sworn in as directors of the United Soybean Board (USB) in December, after their recent appointments by U.S. Agriculture Secretary Tom Vilsack. The 19 soybean farmers from across the United States include five new appointees and 14 returning directors. These volunteer farmers invest soy checkoff funds on behalf of all U.S. soybean farmers in projects to increase ...
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Export Customers Commit to Buy $2.3 Billion of U.S. Soy
Buyers from China at the second-annual, soy-checkoff-funded U.S. Global Trade Exchange have agreed to buy $2.3 billion of U.S. soy totaling 176 million bushels of U.S. soybeans, marking the second consecutive year that the gathering has generated significant export sales for U.S. soybean farmers in their own backyard. The event – where foreign buyers gather in the heart of the American ...
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ASA Now Seeking Nominations for Annual Soy Recognition Awards
The American Soybean Association (ASA) wants to recognize exceptional soy volunteers and leaders—and we need your help. During ASA’s annual awards banquet, individuals will be recognized and honored for state association volunteerism, distinguished leadership achievements and long-term, significant contributions to the soybean industry. The nomination period is open through Oct. 15, ...
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New Calculator Can Help Soybean Farmers with Seed Decisions
Facing lower soybean cash prices this year, farmers are looking for opportunities to add to their bottom lines. Growing identity-preserved (IP) soybeans is one option for additional profit opportunities, but the costs can seem overwhelming to farmers thinking about getting started. U.S.-soy-industry-led board QUALISOY developed a calculator that can help farmers determine how much profit they ...
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USSEC Speaks Science & Sustainability to Support Soy Food Consumption in Taiwan
USSEC is raising the voice of science and sustainability in U.S. soybean trade to Taiwan while offering consumers the choice of both genetically modified organism (GMO) and non-GMO U.S. soybeans. In 2014/2015, the United States ranked #1 with $669 million in total soybean sales to the island nation that depends on imports. Yet, consumer and political challenges to biotechnology confront U.S. ...
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Maintaining U.S. Soy Market Share in Morocco
USSEC, in close partnership with the U.S. Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS), organized several events within the Maghreb region of North Africa to reemphasize the image of the U.S. as a major supplier of high-quality soybeans and soybean products. U.S. soybean products have traditionally enjoyed a dominant market share with a 100 percent share for soybean ...
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Soybean Exports Brewing in Milwaukee
“Brew City” recently became “Soy City” as more than 270 representatives of major international companies interested in importing U.S. soy came together for the second annual U.S. Soy Global Trade Exchange in Milwaukee. Areas represented included China, the Middle East, Vietnam and many others. International representatives committed to buy $2.8 billion worth of U.S. soy ...
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A Soybean’s Journey: See for Yourself program
When a farmer unloads soybeans at the elevator after harvest, it may seem like the end of a long journey that was full of hard work and patience. But the elevator is actually just the first stop on a voyage that takes U.S. soybeans to various markets domestically and abroad. For soybean farmers wanting to know more about their customers beyond the elevator, and the soy checkoff’s role in ...
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Soy Growers in Middle of Tariff Feud with China Stand to Suffer Most
America’s soy growers are lined up even more precisely in the crosshairs of President Trump’s contentious tariff confrontation with China. President Trump announced Monday that $200 billion in additional Chinese goods will be hit with a 10 percent tariff, deepening the likely free fall in prices that producers of soy and soy products are feeling directly in their wallets and which ...
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See For Yourself – To Soybeans and Beyond
Many soybeans have been delivered to the elevator, but where will they go next? The soy checkoff invites farmers to find the answer to this question and learn about the impact that U.S. soy’s biggest customers make on farmers’ bottom lines during this year’s See for Yourself program. From now until April 4, all U.S. soybean farmers over the age of 18 can apply for the United ...
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17 Farmer-Leaders Appointed to United Soybean Board
After being appointed by U.S. Agriculture Secretary Tom Vilsack, 17 farmer-leaders from across the country will be sworn in as directors of the United Soybean Board (USB) at its upcoming annual meeting. The 17 soybean farmers will include five new appointees and 12 returning directors. Additionally, the U.S. Department of Agriculture also recently announced that USB will increase its number of ...
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Soybean farmers prepared for phase out of partially hydrogenated oils
Trans fats have been an active part of the soy industry’s vernacular for decades. And, for the past decade, the industry – including the farmers who grow soybeans – have been working on solutions to meet food-customer needs for a stable oil without partial hydrogenation, which causes trans fats. The FDA’s recent announcement to phase out partially hydrogenated vegetable ...
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U.S. Soybean Farmers Improve Protein and Oil Levels in 2013
U.S. soybean farmers are heavily dependent on demand from international purchasers. Although global supplies are currently relatively tight, buyers do have a choice of origin for soybeans and soybean products. Providing marketing support for buyers helps U.S. farmers maintain export partners and expand relationships with new customers. Therefore, soybean farmers have supported a survey of the ...
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