There are several unknown variables that could impact soybean prices in the first two months of the new year, including the Jan. 12 USDA reports and South America’s weather. Longer term, the value of the U.S. dollar versus the Brazilian Real and what's going on with China, the world’s largest consumer of soybeans, could dramatically affect prices.
“A lot of people looked at the smaller landlocked crush facilities and said, ‘Does that make sense?" I think those locations will go away, and I’m not sure they should have been there to begin with," says Jordan Fife, president of BioUrja Trading.
Unveiled during the Consumer Electronics Show, John Deere's ExactShot uses sensors and robotics to place starter fertilizer precisely on seeds as they are planted. The company claims the technology comes with a fertilizer savings of up to 60%.
John Phipps examines one aspect of the pandemic experts have noticed: alcohol consumption increased during and immediately after the isolations and quarantines. What does it mean?
