Under President Trump’s budget proposal for 2018, the USDA would see a sharp 21% decrease in funding. This news was initially met with trepidation by rural communities, but the plan is unlikely to have as…
USDA Report Crushes Beans
Soybeans tumbled this week after the USDA raised its expectations for Brazil’s bean crop. Brazil is the world’s second-largest soybean grower and is America’s primary rival for soy exports onto the global market. As Brazil’s…
Bio-Fueled Grain Rally
Corn and soybean prices exploded on Tuesday on rumors of a new deal to change regulations surrounding biofuels. The plan was submitted to the White House by the Renewable Fuels Association and Carl Icahn, a…
Soybeans Sink
Soybean prices fell to a six-week low under $10.10 per bushel on Friday, dragged lower by USDA projections for a bean crop of 4.18 billion bushels this year, a harvest that would be the second-largest…