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Soybean supplies are up because soybean production is up. And soybean production is up because of China’s demand for it.
“Soybeans are down 18 cents today and then they could go up 50 tomorrow. Who knows?” said April Hemmes, a soybean farmer in Iowa.
It takes a “that’s farming, buddy!” attitude — and crop insurance helps, too.
Prices received by U.S. farmers are down 2.2% since last year. But you may not feel it at the grocery store.
April Hemmes was in the “Goldilocks spot” when it came to weather.
Austin Golding says his family’s barge business was able to plan ahead, but it’s still costing the company money and productivity.
Ukraine and Russia are big producers of sunflower oil, so turmoil in that market is roiling the edible oil markets.
April Hemmes had to replant her soybeans after a frost killed them. But they’re coming out better than expected, she says.
Iowa corn and soybean farmer April Hemmes says farmers are wondering how quickly Biden will undo some of Trump’s policies.
Corn and soybean farmer April Hemmes isn’t sure she’ll be able to regain the Chinese buyers she lost during the trade war.