Last year at this time, cattle producers were worrying about hay supplies going into winter after a long drought. This year, producers are battling low commodity and cattle prices. Each day/month/year, we face changes and new challenges.
As these changes and challenges surface, it’s important to stay informed and up to date on new information that arises. NDSU Extension is an organization that can help you do so. Recently, NDSU Extension developed a video series that will offer insight into soybean markets and trade.
Background on the current soybean market, how China might adapt to the changing trade climate, and soybean marketing and storage strategies are among the topics covered in the video series.
Soybean producers are faced with the loss of markets for their crop. China has been the primary destination for North Dakota soybean.
Frayne Olson, NDSU Extension crops economist, will host the series, “Soybean Marketing in a Changing Climate.”
The series will continue with a weekly “Soybean Marketing Update.” The first update will help producers understand soybean export reporting.
“Any announcement of sales or shipments from the U.S. to China can have an impact on soybean prices,” Olson says. “Understanding the nature of the sales and shipments being reported can help producers understand what is really happening in the market and make more informed decisions.”
“Soybean Marketing in a Changing Climate” and the “Soybean Marketing Update,” along with other information for producers, can be found on the “Soybean Marketing and Storage” webpage at www.ag.ndsu.edu/alerts/soybean-storage.
The North Dakota Soybean Council provided support for the production of the series.
I’ll leave you with a quote that I heard at a meeting the other day that I thought rang true to agriculture producers: Tough times never last, tough people do.