Soybean prices in the US
Here is the link for commodity Futures Price Quotes For CBOT Soybeans. US soybean futures are reported in cents per bushel.
Soybean prices in the US on January 8: $10.13 per bushel
Soybean prices in China
The price of soybeans in China can be found by going to the Dalian Commodity Exchange (DCE). Chinese soybean futures are reported in yuan per Metric Ton (MT), so they need to be converted to dollars/bushel for comparison with CBOT Soybeans. Below is an example of how to do such a conversion.
Soybean prices in China on January 8: $16.37 per bushel
Why price of soybeans in China is important
As long as price of soybeans in China is $5 above the price in the US, China will continue to buy and import massive quantities of US soybeans.
US Soybean Export Sales
Here is the USDA link for U.S. Export Sales Reports.
US crush statistics
Here is the USDA link for National Soybean Processors Association
Here is the link for USDA WASDE (World Agricultural Supply and Demand Estimates) reports for soybeans.
Here is the link for USDA Crop Production Reports (acreage, area harvested, yield, etc...)
For list of Secretarial disaster declarations, see here.
For list of Presidential disaster declarations, see here.
Other Interesting Links
Center for Agricultural and Rural Development gives us Daily Corn and Soybean Basis Maps for Iowa and the Midwest.
On a pilot basis CARD is posting daily basis maps for corn and soybeans. The purpose of this pilot project is to determine if farmer decisions about where to deliver corn and soybeans can be enhanced. We present maps showing both old crop basis and new crop basis. Old crop basis equals the current local cash price minus the nearby futures price on the Chicago Board of Trade. New crop basis equals the local forward price for future delivery less the new crop futures price on the Chicago Board of Trade. Local price data are obtained from DTN. We then employ a spatial smoothing algorithm to develop the maps.
Maps for different days can be obtained using the "Change Date" link below. Also, historical county-average basis patterns for corn and soybeans throughout the year are available. Click on your county in the map below or choose your county from the menu below the map. The basis is computed as the difference between the local cash price for the crop and the nearby futures price on the Chicago Board of Trade. Historical local cash price data was obtained from CashGrainBids.com.
The National Weather Service provides a nice interactive graphic of observed precipitation levels in the US.
Crop Comments on AgWeb.