By the last quarter of this year, however, the soybean price level should be defined well enough to rapidly accelerate the conclusion of farm marketing. With an unchanged yield outlook, the lower acreage for soybeans reduced the 2007 production forecast by 120 million bushels to 2.625 billion. In anticipation of potential price gains from any adverse summer weather in the United States, South American producers may not quite finalize their crop sales. Reducing the soybean stocks next year...

Soybean leaves show various amounts of soybean rust. Experts say the recent confirmation of soybean rust in Iowa in 2006 should serve as a reminder that the fungus can happen in Iowa. On March 8, he says an independent crop consultant brought in two baggies, one containing seeds and pods and one with parts of a dead soybean leaf. While experts were able to confirm rust on the soybean leaves when they were dead, Tylka says it is more important to look for signs of the disease earlier. After...

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A third factor supporting the recent strength in soybean prices, Good added, is the need for South America to expand soybean area for harvest substantially in 2008. While soybean oil stocks have remained large, expanding consumption of soybean oil, palm oil, and canola oil has resulted in higher prices of vegetable oils. Biodiesel use of soybean oil accounted for 14% of domestic soybean oil consumption in May 2007. South American exports are expected to jump by 255 million bushels, as...

CHICAGO (Dow Jones)--Smaller soybean planted and harvested acreage projections for the new crop balance sheet and higher usage in the old crop supply and demand table is seen tightening domestic and world carryout estimates in the U. Industry experts said the soybean balance sheet didn't have any line items that needed major revisions, but some adjustments were warranted, with many anticipating the USDA will increase the 2006-07 crush and export figures. The average of analyst estimates...

The domestic soybean crush in 2007-08 will still be driven by soybean meal demand, but the rate of biodiesel use of soybean oil will influence soybean oil and soybean prices. Year ending stocks are expected to total about 600 million bushels, 150 million larger than the inventory on hand at the beginning of the 2006-07 marketing year. With expanding poultry and livestock production and brisk exports supporting soybean meal consumption, a slow down in the crush is not expected to be shown...

Most farmers usually keep seed from their crops to plant for next year, but Beachner said they probably will not have enough to do that, and even buying seed might be a challenge. Keith Martin, agricultural Extension agent for Labette County, expects the numbers to drop even more, into the 40s, because of the rain and flooding experienced throughout the area. Martin said the corn crop was looking promising, but the flooded fields would have a damaged crop. Once the crop made it past the...

Watch This Video The recent rash of severe thunderstorms is a perfect example of some parts of our areas getting hit with several inches of rain while others saw barely a drop. While corn may be the most visible from the side of the road, is not the only crop having a slow grow. Tracy's 80-acres of corn is usually more than enough to feed 100-head of cattle for a entire year and he usually has extra to sell - usually. Tracy's oat crop harvested just a third of its usual total and local...

The conditions, although not as bad as this time last year, come at a crucial time for the corn and soybean crops, said Perry Aasness, state executive director of the U. Aasness said it's too soon to know the drought's toll on state crops, although this is a crucial time for corn, which is beginning to fill in kernels. More than three quarters of the state's farmland is short of water, according to a crop progress report released Monday in yet more evidence of a severe drought that has...