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In 1933 soybeans were trading at $0.39 cents per bushel. By 1948 the same soybeans were trading at $4.13 a bushel. There was nothing different about the beans themselves.
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]
Organic soybean meal prices continue to edge higher and are currently quoted at 630 per metric ton FOB India. There are concerns amongst merchandisers that are helping to keep prices buoyed.
The American Soybean Association (ASA) is an association of 21,000 American soybean producers. John Heisdorffer is the 2018 President of the Association. [ 1 ] Stephen Censky worked for ASA for 23 years, 21 of those as CEO, and then left to become United States Deputy Secretary of Agriculture in 2017.
The Jacobsen forecasts organic soybeans could hit $23 per bushel by Q1 2021
Paraguay's production was expected to reach barely 2.97 million tons in 2022, 68% less than in 2020/21. The average yield was only 900 kg/ha, the lowest figure in Paraguay's history, which led to increased idling of soybean oil processing plants. [7]
It is difficult to exaggerate the drastic growth soybeans enjoyed in Paraguay. In 1970 soybeans covered only 54,600 hectares and had an annual production of over 75,000 tons. [6] By 1987 soybeans covered some 718,800 hectares, more than any other crop, with an annual output of 1 million tons and export revenues of approximately US$150 million. [6]
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