Wheat harvest is underway in Ontario and many cash crop farmers are wondering whether they should plant those acres to soybeans and take advantage of double cropping. Double crop soybeans are always an opportunity for many growers, says AGRIS Co-operative agronomist Dale Cowan, but it’s important to understand the risks. In 2021, he notes that… Read More
Category: Soybean Marketing
How might a changing climate affect soybean production across Canada? On this episode of RealAgriculture’s Soybean School, Agriculture and Agri-Food Canada scientist Ward Smith shares how he and his colleagues have been studying agroecosystem models to predict the impact changing climates have on soybean production. During the virtual Northern Soybean Summit hosted by last month… Read More
When it comes to marketing grain crops, we all seem to have different strategies, and there isn’t necessarily one ‘correct’ answer. In the late 2020 oilseeds market, we are seeing highs that haven’t been experienced in years. And the prices just keep climbing. Those that sold weeks ago at what they thought were the highs,… Read More
2018 was a difficult year for soybean markets. The U.S.-China trade war triggered a $2.00-$2.50 per bushel reduction in the futures market and neither side appears willing to relent in their sanction tug-of-war. In RealAgriculture’s final Soybean School episode of the 2018 season, we asked ag economist, market commentator, and farmer Philip Shaw for his take… Read More
The 2018 Ontario soybean harvest got off to a roaring start in early fall but quickly ground to a halt as poor weather parked combines. In early December, many growers are still struggling to bin their beans. The wet weather has left growers asking how they can manage higher moisture, wet soybeans. Management decisions are… Read More
What’s the best herbicide program for food-grade, non-GMO, identity preserved soybeans? It’s a common question OMAFRA weed specialist Mike Cowbrough gets from growers and we have the answer on this edition of RealAgriculture Soybean School. Cowbrough says there’s no magical herbicide that can handle all the challenges food-grade soybeans face during the growing season. But… Read More
The amazing rise of soybean acres across Manitoba and into Saskatchewan is possible only because of the development of early, early soybean lines. Just how early? While zeros and double zero maturity ratings are great for “short” season areas in Ontario and Quebec, it’s the triple zero lines that shine in places like Arborg, Manitoba,… Read More
Too wet isn’t good, but neither is too dry for growers looking to get the most value for soybeans. According to researchers at North Dakota State University, on a 40 bushel-per-acre crop, harvesting soybeans at 9 percent moisture rather than 13 percent will cost the farmer around 1.8 bushels per acre. At $10 per bushel, that’s… Read More
Want to know what buyers look for in a soybean sample? Or what you don’t want to see in your soybeans? This episode of the Soybean School takes us to the Canadian Grain Commission grading lab in Winnipeg. Thanks to Daryl Beswitherick, program manager for quality assurance and re-inspection at the CGC, for taking some time… Read More
Farmers and analysts alike will be watching Friday’s USDA report for several reasons, and one of them will be the soybean acreage number. Poor planting weather in many corn-heavy U.S. states has many thinking the shift out of corn and into soybeans puts the total acres somewhere north of 77 million acres. If it’s below… Read More
It looks as though the basics of supply and demand are at work in a dramatic way in the soybean market to the point where soybeans could return to the highs of 2008. China is leading the charge on the demand side both from the consumer and the livestock end with growth in global demand… Read More