Farmers and industry managers are now interested in the 2014/15 cropping season. What will the acreage be that is planted to soybeans? Will the weather support a bumper soybean crop in 2014? Will the average soybean yield return to the historical trend line which would put the average soybean yield at about 45 bushels per acre? Will supply/demand factors keep soybean and meal prices at current levels? There are many unanswered questions as we start the 2014 crop year. Preliminary soybean production and meal use values for the next crop year will be included in the next Soybean Meal INFOcenter Newsletter.
U.S. Soybeans and Products Supply and Use (*)
Soybean Production Data
(*) Marketing year beginning September 1 for soybeans and October 1 for meal; (**) Estimates and
(***) Projections at this time
Reference: U.S.D.A. Economic Research Service, World Agricultural Supply and Demand Estimates; WASDE-525, January 10, 2014.
U.S. SOYBEAN QUALITY REPORT-2013
Each year since 1986 the American Soybean Association and the US Soybean Export Council have supported a survey of the quality of the US soybean crop. This survey and soybean marketing conferences are intended to provide new crop quality data to aid international customers with their purchasing decisions.
This year sample kits were mailed to producers based on total land devoted to soybean production in each state, so that response distribution would closely match projected U.S. soybean production. Sixteen hundred and twenty seven (1,627) samples were returned and analyzed for protein, oil, and amino acid concentration by near-infrared spectroscopy (NIRS) using a Perten DA7250 diode array instrument (Huddinge, Sweden) equipped with calibration equations developed by the University of Minnesota in cooperation with Perten. Regional and national average quality values were determined by computing weighted averages using state and regional soybean production values, so that average values best represent the crop as a whole. Results are in the following table.
The overall quality of the 2013 US soybean crop increased slightly from that of the 2012 crop, and there tended to be less regional variation in quality than has been noted in previous years. Average US soybean protein concentration was 0.4 percentage points higher in 2013, at 34.7%, and average oil concentration was 0.5 percentage points higher at 19.0% when compared with 2012.
The study also included amino acid analyses. When expressed as a percent of the protein, or as a percent of the 18 amino acids, the 10 essential amino acids (lysine, methionine, threonine, tryptophan, cysteine, leucine, isoleucine, histidine, phenylalanine and valine) did not appear to vary between regions.
Historical data for yield and composition is shown in the following table. The data is interesting with a lot of variation between years. The production data trends are much greater than changes for soybean composition that occurred during the past 28 years. A full report can be found on the World Wide Web.
Seth. L. Naeve, James H. Orf and Nick Weidenbenner. 2013. Quality of the United States Soybean Crop-2013. A report prepared for the American Soybean Association and the U.S. Soybean Export Council; www.ussec.org/resources/statistics.html and www.soybean.umn.edu