American Ag Today- 10/14/26

Soybean crushers have some concerns over a lack of available soybeans.

Weather-related harvest delays in parts of rural America have added to some of those concerns in late September and early October.

Heather Ramsey, grain marketing advisor with the Agricultural Risk Consulting group, talked about the concerns.

So I do know that we had quite a few crushers, when you look at Nebraska, Iowa, South Dakota, even as far down into some of that northeastern Kansas, northwestern Missouri area, that had gone no bid on meal, which is a good sign that either everything they have produced has already been sold, or they're not producing enough to have a bid to sell more, which probably means they're having a hard time either running at full capacity or getting enough input product, so soybeans themselves in to run at full capacity, which definitely what had been confirmed.

Processors are paying sharply higher prices for inputs in recent weeks.

We saw from an input standpoint, so from the purchasing of those raw soybeans themselves, we saw premiums get as high as...

I mean, what I had visually seen popping up for bids on my screen, I did see some as high as a buck 05 to a buck 15 over premium.

Now, just two to three weeks ahead of that, an early ship premium was zero.

You know, so we saw minimally a full dollar push to try and buy beans.

I have a very good friend who owns and operates a feed mill, a soybean processing facility himself, um, just a small one even, and what he is paying to find any sort of dry beans, purchasing them from another elevator facility, he just can't believe what he's paying.

And Ramsey said the concern is real.

The concern about finding dry beans is real.

At this point in time, I think premiums want to be able to back off at those soybean processors.

That just has not been the case just yet.

I do think as soon as they can, they will, obviously.

But in my neck of the woods, you know, I'm here in central Nebraska region, and I still feel like a bulk of soybean fields will probably not have a combine in them till at least Monday at the earliest.

I think there's gonna be some people who go out and try to push it potentially.

I don't know that that gets a whole lot of action Monday into Tuesday.

I mean, there are, are places all across the country that's received between four and five and six and seven inches.

It's just insanity.

And she says this seems like uncharted waters for the industry, but she doesn't expect the high premiums to last.

So I think the soybean situation, it is probably the most unique harvest situation for soybeans I've ever dealt with in almost 20 years.

I don't know that I've seen anything like it.

I haven't seen premiums like this ever.

I do think we've probably got another week of seeing some sort of premium.

Soybean crushers have some concerns over a lack of available soybeans.

Weather-related harvest delays in parts of rural America have added to some of those concerns in late September and early October.

Heather Ramsey, grain marketing advisor with the Agricultural Risk Consulting group, talked about the concerns.

So I do know that we had quite a few crushers, when you look at Nebraska, Iowa, South Dakota, even as far down into some of that northeastern Kansas, northwestern Missouri area, that had gone no bid on meal, which is a good sign that either everything they have produced has already been sold, or they're not producing enough to have a bid to sell more, which probably means they're having a hard time either running at full capacity or getting enough input product, so soybeans themselves in to run at full capacity, which definitely what had been confirmed.

Processors are paying sharply higher prices for inputs in recent weeks.

We saw from an input standpoint, so from the purchasing of those raw soybeans themselves, we saw premiums get as high as...

I mean, what I had visually seen popping up for bids on my screen, I did see some as high as a buck 05 to a buck 15 over premium.

Now, just two to three weeks ahead of that, an early ship premium was zero.

You know, so we saw minimally a full dollar push to try and buy beans.

I have a very good friend who owns and operates a feed mill, a soybean processing facility himself, um, just a small one even, and what he is paying to find any sort of dry beans, purchasing them from another elevator facility, he just can't believe what he's paying.

And Ramsey said the concern is real.

The concern about finding dry beans is real.

At this point in time, I think premiums want to be able to back off at those soybean processors.

That just has not been the case just yet.

I do think as soon as they can, they will, obviously.

But in my neck of the woods, you know, I'm here in central Nebraska region, and I still feel like a bulk of soybean fields will probably not have a combine in them till at least Monday at the earliest.

I think there's gonna be some people who go out and try to push it potentially.

I don't know that that gets a whole lot of action Monday into Tuesday.

I mean, there are, are places all across the country that's received between four and five and six and seven inches.

It's just insanity.

And she says this seems like uncharted waters for the industry, but she doesn't expect the high premiums to last.

So I think the soybean situation, it is probably the most unique harvest situation for soybeans I've ever dealt with in almost 20 years.

I don't know that I've seen anything like it.

I haven't seen premiums like this ever.

I do think we've probably got another week of seeing some sort of premium.