Posts in Soybeans
After War, Torrential Rains and Historic Drought, Louisiana Farmers Pray for Better 2024

In late 2022, torrential rains hammered Louisiana’s farmers, laying waste to large swaths of cotton and soybean crops, especially in the northeast. Then, last year’s historic drought stunted growth and created a whole different set of problems.

Will Ratcliff, who farms about 3,500 acres in Tensas Parish, keenly felt both events, which came on top of historically high costs for fertilizer and fuel, driven in part by Russia’s invasion of Ukraine in 2022.

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Total US Soy Exports Add $39.8 Billion To US Economy In 22/23

U.S. Soy complex exports (whole soybean, soybean meal and soybean oil) added $39.8 billion[1] to the U.S. economy in marketing year (MY) 22/23 on a volume of 67.6 million metric tons (MMT). The shining star: U.S. soybean meal exports broke records for both volume and value at 13.2 MMT and $6.91 billion, respectively.

“U.S. Soy exports in marketing year 22/23 were nothing short of extraordinary. A standout achievement was the record-breaking performance of soybean meal exports, reaching unprecedented volume and value levels,” said Steve Reinhard, United Soybean Board Chair and Ohio farmer.

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Soybeans, Tradedon molino
Will the Soybean Market Adjust 2024 Acres in Time?

Last month, I advised anticipating a record (not trend line, but a record) 2024 national average corn yield in your marketing strategy. Then, in USDA’s annual production summary, the national average corn yield increased 2.4 bu. per acre from November to a record 177.3 bu. per acre. To get to that number, USDA took 583,000 of the worst-yielding acres out of the harvested acreage tally.

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Soybeanskristen oaks
January Market Update for Corn, Soybeans, Rice, and Cotton

This month’s 2023/24 U.S. corn outlook is for greater production, larger food, seed, and industrial use (FSI), increased feed and residual use, and higher ending stocks. Corn production is estimated at a record 15.3 billion bushels, up 108 million as an increase in yield to a record 177.3 bushels per acre is partly offset by a 0.6-million acre decline in harvested area. 

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Tri-State Soybean Forum Will Target Feral Hogs and H2A

Feral hog management, H2A guest farm worker updates and electronic grading are among the items on the agenda for the 2024 Tri-State Soybean Forum as it rotates to Louisiana on Jan. 5.

The 68th annual event will be held at the new Black Bear Convention Center, 231 Black Bear Drive in the northeastern Louisiana town of Delhi. The event opens at 7:30 a.m. with registration and ends with lunch at 12:15 p.m. There’s no cost to attend and registration will be on-site.

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SoybeansAvery Davidson
Scientist Trains Computer To Spot Invasive Weed

To manage johnsongrass, a noxious weed that crowds out cotton and sickens horses, farmers have tried herbicides, burning and hand-pulling. Now, researchers at University of California, Davis, have developed a more high-tech weapon against the invasive weed: artificial intelligence and machine learning.

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Soybeansdon molino
Severe Drought is Taking a Huge Toll on Louisiana Farms, Forests

Louisiana’s abrupt transition this year from one of the wettest states to one of the driest has had crippling repercussions for its farms and forests.

The state’s agricultural and timber industries have suffered nearly $1.7 billion in losses from the long-running drought and recent bouts of record high temperatures, according to a new report from Louisiana State University researchers.

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Louisiana Farm Bureau Podcast: Maximizing Markets for Louisiana Farmers

The primary function of the Louisiana Farm Bureau Federation is to ensure farmers can continue to feed a growing world. One of the ways it does that is by helping move agricultural products through the Louisiana Farm Bureau Marketing Association. In this episode, Karl Wiggers sits down with grain marketing specialists Greg Fox and Grayson Close to talk about the company and how they help farmers across Louisiana sell their crops at the best price at the best time.

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