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Iowa farmer Caleb Hamer grabbed his phone and dialed a local corn buyer this week, eager to sell his grain as prices climbed to their highest level in more than a year. Farmers across the Midwest ...
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 ...
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]
In the recommendation, the committee suggests that people ramp up their bean consumption to at least 2.5 cups of beans and lentils a week. (The current guidance is 1.5 cups a week.)
In 1947, the exchange was renamed the Minneapolis Grain Exchange. Today the exchange is most recognized by its logo and uses MGEX as first reference. On December 19, 2008, the Minneapolis Grain Exchange ceased operations of the open outcry trading floor, but continues daily operations for the electronic processing of financial transactions ...
The Kansas City Chiefs and Houston Texans meet in a potential NFL playoff preview on Saturday afternoon in Week 16. Here's everything you need to know Chiefs vs. Texans live updates: Predictions ...
Test weight refers to the average weight of a cereal as measured in pounds per bushel (1bu. = 8 gallons or 2150.42 cu. inches). Test weight is an important predictor of milling yield for rice and flour extraction rate for wheat. USDA’s official weight per bushel for the highest grade for major cereals and oilseeds include: wheat and soybeans ...