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Missouri Farmer Today: Corn, Soybeans Expand Nonfood Uses

Missouri Farmer Today featured April Hemmes, USB farmer-leader and Demand Action Team chair, discussing the many nonfood uses of soy, such as Skechers® shoes, asphalt and tires. 

She also highlighted other unique uses for soy, including sprays to protect shingles and concrete, kitty litter, wood glue, artificial turf and firefighting foam. Hemmes said the foam is a new product with the potential to replace firefighting foam made with substances that can cause environmental concerns because they do not break down naturally.

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Next week’s USDA reports (acreage/stocks) could be a surprise/market moving. RVO’s (new blending biofuel requirements) were as expected with no big surprises and already baked into futures. E15 summer waiver just simply good optics. Markets are skeptical that the war in Iran ends soon with no diplomatic off ramp. The Trump/Xi meeting in China now May 14 – 15. March 1 USDA hogs and Pigs report was friendly/bullish + CFTC and more.