Fred Seamon News Today

<p><span>Thank you all who have joined today’s virtual Agricultural Advisory Committee meeting.  I am very hopeful that 2021 will eventually allow us the opportunity to again meet together in person.  But as the Committee has some pressing business I am pleased that we are taking the opportunity to have these important conversations today from our various remote locations.</span></p>

AT A GLANCE Growing U.S. consumption and rebounding exports along with lower production has resulted in significant consumption over production the past two years. Estimates suggest the U.S. has exported one billion bushels of soybeans through November, a record for that time frame. After years of plentiful U.S. domestic and global soybean supplies, things have changed significantly in 2020.  Nearby soybean futures prices are testing $12 per bushel at this writing, which is the highest level s...