north carolina. planted area of major crops in north carolina 2000 - 2008
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U.S. and North Carolina Average Protein and Oil Content of Soybeans
Protein Protein Oil Oil
Crop Year USA North Carolina USA North Carolina
2000 36.22% 36.21% 18.65% 19.15%
2003 35.65% 36.16% 18.66% 18.59%
2005 34.92% 35.80% 19.41% 19.42%
2006 34.51% 35.14% 19.17% 20.08%
2008 34.00% 34.80% 19.20% 20.00%
Average 35.06% 35.62% 19.02% 19.45%
Average Price Received by Farmers for Soybeans in USA and in North Carolina -- 2000 – 2007 Crops
Average for U.S. for 8-year period was $6.00/bu. in NC
and $6.14/bu. across all of U.S.
North Carolina Soybean Crush Plants
Raleigh – Cargill – 95,000 bushels/dayFayetteville – Cargill – 95,000 bushels/dayPerdue Farms – Cofield – 45,000 bushels/dayTotal annual capacity of 77.6 million bushels
Perdue Farms – Chesapeake, VA – 80,000 bushels/day – 26.4 million bushels/year
North Carolina Ports
Port of Wilmington handled 204,896 containers (TEUs) from July 2007 through June 2008. It also handled 97,107 mt of food export shipments in same time period.
The port has 3 cranes for containers.
Container lines routinely calling on Wilmington include Yang Ming Lines (Taiwan), Hanjin Lines (Korea), Cosco Container Lines (China), K Lines (Japan), and United Arab Shipping (Kuwait and (U.A.E.)
Morehead City does not handle containers, only bulk cargo.
Soybeans Were Shipped to Taiwan in Containers from Wilmington, NC - A Total of 5,374 mt
Exporters Month/Year Load PortDestination
Port Country Ship Line Cargo Tonnage
SCOULAR GRAIN 07/12 WILMINGTON NC KAOHSIUNG TAIWAN YMAL SOYBEANS 557
SCOULAR GRAIN 07/12 WILMINGTON NC KAOHSIUNG TAIWAN YMAL SOYBEANS 453
SCOULAR GRAIN 08/01 WILMINGTON NC KAOHSIUNG TAIWAN YMAL SOYBEANS 715
SCOULAR GRAIN 08/01 WILMINGTON NC KAOHSIUNG TAIWAN YMAL SOYBEANS 713
The above are examples of actual shipments.
All shipments from Wilmington were by Scoular Grain
North Carolina Lacks On-Farm Storage Capacity
North Carolina had 70 million bushels of on-farm storage capacity in December 1, 2007.
Off-farm storage capacity totaled 42.5 million bushels. Yet, North Carolina farmers produced over 53 million bushels of
soybeans in 2008, 100 million bushels of corn in 2007, and 43.2 million bushels of wheat in 2008.
Thus farmers had only enough on-farm storage for less than half of their soybean + corn production and only about a third of total wheat, corn, and soybean production.
As a result farmers are forced to sell a large share of their crops at harvest when prices are lowest rather than holding to sell at a later date when prices are normally higher.
On December 30, 2008 the basis bid for soybeans in Raleigh was -15¢/bushel while it was +15¢/bushel in Central Illinois and +24¢/bushel in Evansville, Indiana. The tariff rail rate on that date for shipments from Evansville to Raleigh was $1.01/bushel.
More on-farm storage will mean better prices to farmers.
Key Facts About North Carolina Soybean Industry
North Carolina farmers receive slightly less for their soybeans than the national average even though it is a soybean deficit state and produces soybeans with a higher protein and oil content.
North Carolina’s very large swine and poultry sectors are extremely important to North Carolina soybean farmers.
It would appear North Carolina has the potential to expand exports of its higher quality soybeans to markets in Asia and elsewhere for a premium price.
The port of Wilmington is a growing container port with good access to Asian markets and likely future access to Europe and MidEast.
Possible Key Strategies for North Carolina Soybean Industry
Promote export sales of North Carolina soybeans to key foreign markets in containers via the port of Wilmington in order to increase competition to state’s crushers.
Container loading capability will need to be added at in area or in the port of Wilmington.
An exporter wanting to use the Wilmington port will need to be identified. Need to determine if there is a surplus of empty containers in Wilmington