Just entering the soybean export market and not sure where to start? Searching for an easier way to compare elevator prices? Wanting to earn more money through a soybean premium program?
Whether you are a soybean farmer or buyer, ISA can help you locate opportunities for new sources, more sales and greater profitability!
Informa Economics tracked changes in soybean basis from July 2015 – early June 2015; the data is displayed here. This information may be helpful for Illinois farmers considering soybean planting and marketing decisions.
When buying or selling Illinois-grown soybeans, you need direct access to the organizations – and specific individuals – in the industry with which you can do business. That’s why ISA has made available this Resource Guide for sellers as well as foreign and domestic buyers of Illinois soybeans and soybean products. The list, organized in eight categories, includes Illinois-based companies and organizations that can supply soybeans, facilitate exports and transportation, and provide processing.
As a soybean farmer, you want to get the best price possible for your soybeans. Here are some great tools you can use to track current and future soybean prices:
Includes current and historical figures relating to futures, options, margins and volume reports.
What is biotechnology?
According to SoyConnection.com, "biotechnology allow[s] plant breeders to carefully select and introduce beneficial traits to the crops grown for food. The results are environmentally friendlier agriculture and a more nutritious, healthful and abundant food supply." Many checkoff-funded research projects have led to advances in biotechnology, resulting in the introduction of several new enhanced varieties. Below are some quick facts about biotechnology:
- Modern biotechnology already has contributed greatly to the sustainability of U.S. soybean production.
- Technology also will play a role in expanding the world's supply of food, feed and renewable fuels.
- Biotechnology and other modern plant breeding methods are accelerating yield increases in soybeans and enhancing sustainability. Biotechnology provides us with an unprecedented weed management tool, which has led to increased conservation tillage practices that sequester carbon, reduce costs, lower fuel consumption, reduce run-off, improve water quality and save topsoil.
Conventional vs. Biotech Soybean Varieties
Conventional soybeans, also called non-GMO (genetically modified organism), are produced using traditional breeding methods. Although it may be harder to find them due to the popularity of biotech varieties, the The Non-GMO Sourcebook lists suppliers from across the nation.
Biotech, or genetically modified (GMO), soybeans are produced using biotechnology to introduce traits into a soybean plant. These traits may enhance production through pest, disease or weed resistance, or they may enhance the end product for consumers by providing healthier oils or protein content. Most of the soybeans grown in the United States are biotech varieties, including the popular industry-leading herbicide-resistant varieties.
Have Questions About Buying or Selling Soybeans from Illinois?
Director of Market Access
P: (309) 808-3601