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Soybeans and Oil Crops, May 2020

Brighter U.S. Export Outlook May Trim 2020/21 Stocks Surplus

U.S. soybean production for 2020/21 is projected at 4.125 billion bushels, up 568 million from last year’s crop. The increase is largely based on farmers following through on intentions to plant 83.5 million acres of soybeans, although the projected trend yield of 49.8 bushels per acre is also above last year’s level. U.S. soybean exports in 2020/21 may see a recovery to 2.05 billion bushels compared with a revised 2019/20 forecast of 1.675 billion. Coupled with a minimal increase for the domestic crush, season-ending stocks for 2020/21 may decline to 405 million bushels from 580 million in 2019/20.

See the May Soybeans & Oil Crops Outlook report and previous reports.

Source : usda.gov

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Syngenta Ag Stories - Reanna Hagel, Channel Marketing Manager

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Growing up on a cow-calf operation and small feedlot near Lumby, BC, Reanna learned agriculture the hands-on way with her sister on the family farm. Today, as Channel Marketing Manager for Syngenta Canada, what Reanna loves most about her work is simple: the customer is always at the centre. Whether that's a grower or a channel partner, she understands them on a personal level - because she's the daughter of one. But for Reanna, supporting ag doesn't stop at her job. She volunteers with local 4-H clubs, lends a hand to her farming neighbours, and is raising her own kids to understand and respect the land. Her advice to the next generation? "It's an amazing time to be in the industry - it's going to look completely different in 20 years. To be part of the evolution is very exciting."