Tag: soybean

USDA lowers corn and soybean estimates by just 1%

USDA lowers corn and soybean estimates by just 1%

September 12, 2019 |

In Washington, Reuters reports that the US Department of Agriculture’s latest World Agriculture Supply and Demand Estimates and Crop Production reports see corn and soybean production falling 1% compared to previous estimates, but the figures are still a lot higher than what many believe due to crops being planted late following wet weather this spring […]

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Epitome Energy expects to start with permitting process shortly

Epitome Energy expects to start with permitting process shortly

September 4, 2019 |

In Minnesota, Epitome Energy expects to be one step closer to its planned $150 million soybean crush and biodiesel facility with the start of its permitting process. The company recently secured a $250,000 loan from the City of Crookston where the facility will be located as well as $5 million the company will indirectly benefit […]

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Soybean area tripled over past 10 years in Europe

Soybean area tripled over past 10 years in Europe

July 20, 2019 |

In Germany, UFOP reports that the soy area in the EU has risen 4% compared to 2018 and even tripled over the past 10 years, with the most significant growth in Germany and with the most soybeans grown in Italy. According to Agrarmarkt Informations-Gesellschaft (AMI), the large increases in soy area in many EU regions […]

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Minnesota legislature approves $5 million funding for Soy Innovation Campus

Minnesota legislature approves $5 million funding for Soy Innovation Campus

May 29, 2019 |

In Minnesota, funding for a soybean crush and biodiesel facility in Crookston is no longer a pipe dream for Minnesota agriculture. Last week, the Minnesota Legislature approved $5 million in funding for the Soy Innovation Campus at the University of Minnesota Crookston. The funding will go into effect in the second half of the biennium budget […]

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Large harvests and implications of US-China trade dispute force down prices

Large harvests and implications of US-China trade dispute force down prices

May 26, 2019 |

In Germany, UFOP sees sustainable agriculture and climate protection as losers and calls for fast action because soybean prices are on a downward slide all across the globe. The reason is both large harvests in Argentina and Brazil and the trade dispute between the US and China, according to UFOP, which has voiced concerns that […]

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Soybean oil use for biodiesel doubled between 2010/11 and 2017/18

Soybean oil use for biodiesel doubled between 2010/11 and 2017/18

May 8, 2019 |

In Washington, China’s Xinhua news agency reports that Energy Information Administration data shows a doubling of soybean oil use for biodiesel production between 2010/11 and 2017/18 to 22.5 billion pounds. During that time, total biodiesel production grew to 1.8 billion gallons from just 700 million gallons. A bit more than half of biodiesel production comes […]

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Blockchain used for next generation pilot of food traceability with soybeans

Blockchain used for next generation pilot of food traceability with soybeans

May 5, 2019 |

In Canada, Grain Discovery, in partnership with the Canadian Seed Growers’ Association have leapt into the future of farm-to-table traceability with a pilot that used blockchain to follow locally produced Certified soybean seed through production and processing, ending with freshly packed tofu hitting grocery store shelves. This first-of-its-kind pilot was supported by an investment of […]

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Minnesota state legislature closer to investing in Crookston biodiesel facility

Minnesota state legislature closer to investing in Crookston biodiesel facility

April 18, 2019 |

In Minnesota, funding for a soybean crush and biodiesel facility in Crookston has passed a key hurdle in the Minnesota legislature. The proposed Soy Innovation Campus at the University of Minnesota Crookston will receive $5 million in funding as part of a bill authored by Sen. Torrey Westrom (R-Elbow Lake), who chairs the Senate Agriculture, […]

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Trade dispute reduces U.S. soybean area

Trade dispute reduces U.S. soybean area

April 7, 2019 |

In Germany, UFOP reports that because of the U.S. trade dispute with China and the resulting limited export potential, U.S. farmers are growing fewer soybeans. In most U.S. states, farmers have likely planted fewer soybeans in 2019. This assumption is based on figures published by the USDA, which expects the 2019 US soybean area to […]

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Epitome Energy hopes to break ground on $150 million soybean complex in spring 2021

Epitome Energy hopes to break ground on $150 million soybean complex in spring 2021

February 21, 2019 |

In Minnesota, local press reports that Epitome Energy could break ground on its proposed $150 million soybean crushing and biodiesel facility in spring 2021 should everything go as planned, with the build period seen at around 18 months. The project has received a $450,000 grant from the state’s department of transportation to improve rail infrastructure […]

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