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Soybeans are one of the most versatile agricultural products ever. The many food uses of soy products are well known. Because soybeans are high-protein, and soy protein includes all nine essential amino acids, it’s an important part of vegetarian and vegan diets, as well as being one of the best animal feeds.

Soybeans or soybean oil make up part of more than 1,000 products, and the directors of the United Soybean Board are always looking at unique, innovative ways to use and promote soybeans. Their research efforts, funded by the Soy Checkoff, have helped develop dozens of innovative products.

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BASF strengthens its activities in research and development for sustainable innovations, helping farmers to overcome environmental and economi…

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How long can the era of high demand for soybeans (and corn) and corresponding high prices last? During a recent webinar, Jim Sutter, CEO of the United States Soybean Export Council, wondered aloud whether the soybean market and commodities markets in general are entering into a “demand supercycle” like the one a few years ago that fueled a worldwide boom in commodity prices.

As Sutter pointed out during another webinar on the latest World Agricultural Supply and Demand Estimates released March 10, a couple of years ago at this time, farmers were looking at a carryout of a billion bushels of soybeans. Today it’s a tenth of that.

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The U.S. Department of Agriculture reduced final corn yield estimates for 2020 by 3.8 bushels per acre and lowered its final corn estimates by…