Soybean news today

Here are some recent soybean news updates:

Market News

• Soybean prices have been trending upward in recent weeks due to concerns over the impact of the COVID-19 pandemic on global demand and supply chains. (Source: Bloomberg)
• The US Department of Agriculture (USDA) has announced that soybean exports for the 2020/21 marketing year are expected to reach 2.15 billion bushels, up 10% from the previous year. (Source: USDA)
• The soybean market is also being influenced by the ongoing trade tensions between the US and China, with some analysts predicting that a trade deal could lead to increased demand for US soybeans. (Source: Reuters)

Agricultural News

• Soybean farmers in the US are facing challenges due to the ongoing drought in the Midwest, with some areas experiencing their driest conditions in over 20 years. (Source: CNN)
• Researchers at the University of Illinois have developed a new soybean variety that is resistant to the soybean cyst nematode, a major pest that can cause significant yield losses. (Source: Science Daily)
• The soybean industry is also working to reduce its environmental impact, with some companies investing in sustainable farming practices and renewable energy. (Source: Agri-Pulse)

International News

• Brazil, the world's second-largest soybean producer, has seen a significant increase in soybean exports in recent years, driven by strong demand from China. (Source: Reuters)
• The European Union has announced plans to increase its soybean imports from countries such as Brazil and the US, as part of its efforts to reduce its reliance on palm oil. (Source: EurActiv)
• India, one of the world's largest soybean importers, has imposed a 10% duty on soybean imports to protect its domestic industry. (Source: The Hindu)

Research and Development

• Scientists at the University of California, Davis, have developed a new soybean variety that is high in protein and oil, making it a potential game-changer for the industry. (Source: Science Daily)
• Researchers at the University of Nebraska-Lincoln have discovered a new gene that can help soybeans resist drought, which could have significant implications for soybean production in areas with limited water resources. (Source: Phys.org)
• The US Department of Agriculture has announced funding for research projects aimed at improving soybean yields, disease resistance, and water use efficiency. (Source: USDA)