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The soybean checkoff is a congressionally-mandated assessment on soybeans, whose proceeds are used to fund soybean research and promotion efforts. The checkoff is managed by the United Soybean Board under the supervision of the United States Department of Agriculture Agricultural Marketing Service. In 2014, the checkoff was $109.1 million. [1]
On average, one unit of soybeans produces 80% soybean meal, 18.3% soybean oil, and 1.7% waste, though growing conditions affect oil yields. [2] To calculate the crush margin of one unit of soybeans, take the % value of the soybean meal and oil futures (e.g., in CNY/metric ton purchased on the Dalian Commodity Exchange) and subtract the value of the soybeans (e.g., in USD/bushel purchased on ...
Corn prices are down about 3% today at about $7.16 a bushel, while wheat is down 2.9% at around $8.60 a bushel and soybeans are price around $14.10 a bushel.
The imperial bushel established by the Weights and Measures Act of 1824 described the bushel as the volume of 80 avoirdupois pounds of distilled water in air at 62 °F (17 °C) [citation needed] or 8 imperial gallons. [1] This is the bushel in some use in the United Kingdom. Thus, there is no distinction between liquid and dry measure in the ...
It is believed that MON 87705 can yield up to US$0.60 per bushel more than conventional soybeans. [7]According to Joe Cornelius, Executive Director of Research and Development at Monsanto, MON 87705 has the potential to "make a real difference in efforts to produce healthier foods", for example, by reducing the saturated fat content by more than 60%. [7] “
Soybean meal. Soybean meal is used in food and animal feeds, principally as a protein supplement, but also as a source of metabolizable energy. Typically 1 bushel (i.e. 60 lbs. or 27.2 kg) of soybeans yields 48 lbs. (21.8 kg) of soybean meal. [1] Soybean meal is produced as a co-product of soybean oil extraction. [2]
West Texas Intermediate crude rose as much as 4% to $77 per barrel before paring gains while Brent crude futures , the international benchmark price, gained 2% to hit $80, the highest level since ...
The international market price of wheat doubled from February 2007 to February 2008 hitting a record high of over US$10 a bushel. [92] Rice prices also reached ten-year highs. In some nations, milk and meat prices more than doubled, while soy (which hit a 34-year high price in December 2007 [93]) and maize prices have increased dramatically.