February 1, 2006
ASA Weekly: US soybean developments; more funding for Asian Rust
US soybean business developments
The American Soybean Association announced that--Cfor the second year running--it would be working with Monsanto and its Vistive low-linolenic soybean program. ASA has been working with Monsanto and others to find soy-based solutions to the trans-fat issue, and the Vistive soybean is hoped to help ensure the future competitiveness of US soybeans and soyoil in the global market.
Meanwhile, proposals for a soybean processing plant in a yet-to-be disclosed northeast South Dakota location are in the advanced stages, according to Christopher Fischbach, a director of the South Dakota Soybean Association. "It will be a good investment opportunity for the public, not just producers," he added.
Fischbach and Davis also commented on soybean rust, stating that the problem could be defeated through advances in disease control. However, Davis warned that producers will need to do a more sophisticated job of scouting their soybean fields if the new fiend is to be conquered.
US soybean sector increases funding for fight against Asian Rust
The US soybean checkoff program is continuing its battle against soybean rust by approving funds for more sentinel plots to monitor the spread of the disease. The United Soybean Board (USB) and the North Central Soybean Research Program (NCSRP), which consists of a 12-state checkoff board, will join forces to launch 'lookout' plots in the soybean belt.
They will focus on monitoring movement of the rust from south to north in order to gain early detection of the disease, allowing for an early warning for soybean farmers. The plots will coincide with those already established by the USDA. Between the USDA, USB and NCSRP, around 20 plots will be established in each state.
The US soybean checkoff program has also developed two diagnostic guides and a management guide regarding soybean rust, which is all available at www.unitedsoybean.org. The soybean checkoff co-sponsors two-soybean rust Web sites (www.planthealth.info and www.stopsoybeanrust.com) designed to provide the latest information on soybean rust. The USDA's official public rust web portal is located at www.sbrusa.net. "As someone who has experienced rust firsthand, I think it is very important to continue to fund rust research and communications activities," said USB director Billy Wayne Sellers.
|
U.S. & South America Soybean/Products Balance | |||||||||
|
United States |
Argentina |
Brazil | |||||||
|
Actual |
Estimate |
Proj. |
Actual |
Estimate |
Proj. |
Actual |
Estimate |
Proj. | |
|
2003/04 |
2004/05 |
2005/06 |
2003/04 |
2004/05 |
2005/06 |
2003/04 |
2004/05 |
2005/06 | |
|
Soybeans |
thousand tonnes | ||||||||
|
Carryin |
4,853 |
3,059 |
6,954 |
1,630 |
2,046 |
2,181 |
3,231 |
2,453 |
715 |
|
Production |
66,778 |
85,013 |
82,820 |
33,000 |
39,000 |
40,500 |
50,500 |
51,000 |
58,500 |
|
Imports |
151 |
152 |
109 |
540 |
530 |
485 |
364 |
400 |
425 |
|
Crush |
41,631 |
46,160 |
46,811 |
25,072 |
27,800 |
29,100 |
29,172 |
28,175 |
29,675 |
|
Exports |
23,946 |
30,011 |
27,759 |
6,500 |
9,800 |
10,000 |
19,571 |
22,180 |
25,750 |
|
Other |
3,146 |
5,099 |
4,297 |
1,552 |
1,795 |
1,810 |
2,899 |
2,783 |
3,000 |
|
Usage |
68,723 |
81,270 |
78,867 |
33,124 |
39,395 |
40,910 |
51,642 |
53,138 |
58,425 |
|
Carryout |
3,059 |
6,954 |
11,016 |
2,046 |
2,181 |
2,256 |
2,453 |
715 |
1,215 |
|
Soymeal |
thousand tonnes | ||||||||
|
Carryin |
200 |
191 |
155 |
347 |
354 |
560 |
763 |
532 |
200 |
|
Production |
32,953 |
36,938 |
37,116 |
19,807 |
21,806 |
22,900 |
22,920 |
22,200 |
23,395 |
|
Domestic use |
28,590 |
30,448 |
31,116 |
700 |
850 |
950 |
8,784 |
8,850 |
9,250 |
|
Net Exports |
4,372 |
6,526 |
5,928 |
19,100 |
20,750 |
22,050 |
14,367 |
13,682 |
14,050 |
|
Usage |
32,962 |
36,974 |
37,044 |
19,800 |
21,600 |
23,000 |
23,151 |
22,532 |
23,300 |
|
Carryout |
191 |
155 |
227 |
354 |
560 |
460 |
532 |
200 |
295 |
|
Soybean oil |
thousand tonnes | ||||||||
|
Carryin |
676 |
488 |
771 |
99 |
74 |
100 |
150 |
93 |
95 |
|
Production |
7,748 |
8,781 |
9,011 |
4,513 |
5,115 |
5,354 |
5,258 |
5,120 |
5,371 |
|
Domestic use |
7,651 |
7,910 |
8,142 |
140 |
145 |
155 |
2,710 |
2,848 |
2,870 |
|
Net exports |
285 |
588 |
583 |
4,398 |
4,944 |
5,224 |
2,605 |
2,270 |
2,516 |
|
Usage |
7,936 |
8,498 |
8,725 |
4,538 |
5,089 |
5,379 |
5,315 |
5,118 |
5,386 |
|
Carryout |
488 |
771 |
1,057 |
74 |
100 |
75 |
93 |
95 |
80 |
|
USDA Export Sales (tmt) - Week of 19 January 2006 | ||||||||
|
Country |
Commodity |
New Sales |
Accum. Exports |
|
Country |
Commodity |
New Sales |
Accum. Exports |
|
Belgium |
Soybeans |
22.80 |
129.10 |
|
Hong Kong |
Soymeal |
0.10 |
7.00 |
|
Canada |
Soybeans |
2.40 |
131.60 |
|
Jamaica |
Soymeal |
7.30 |
34.40 |
|
China |
Soybeans |
217.40 |
5538.40 |
|
Mexico |
Soymeal |
30.30 |
391.90 |
|
Colombia |
Soybeans |
11.90 |
65.70 |
|
Nicaragua |
Soymeal |
3.90 |
22.30 |
|
Egypt |
Soybeans |
29.10 |
318.70 |
|
OPAC Is. |
Soymeal |
0.10 |
3.40 |
|
Germany |
Soybeans |
0.60 |
197.10 |
|
Salvador |
Soymeal |
59.70 |
35.50 |
|
Indonesia |
Soybeans |
3.10 |
494.10 |
|
Venezuela |
Soymeal |
5.70 |
20.00 |
|
Israel |
Soybeans |
26.50 |
83.60 |
|
Canada |
Soyoil |
0.80 |
9.40 |
|
Japan |
Soybeans |
82.50 |
1200.20 |
|
Guatemala |
Soyoil |
0.80 |
2.50 |
|
Mexico |
Soybeans |
39.50 |
1422.00 |
|
Mexico |
Soyoil |
0.80 |
56.10 |
|
Morocco |
Soybeans |
2.10 |
146.10 |
|
Salvador |
Soyoil |
1.80 |
0.00 |
|
Philippines |
Soybeans |
7.70 |
44.30 |
|
Trinidad |
Soyoil |
0.10 |
0.40 |
|
Taiwan |
Soybeans |
19.60 |
737.00 |
|
UAE |
Soyoil |
0.10 |
0.90 |
|
Thailand |
Soybeans |
68.00 |
219.70 |
|
|
|
|
|
|
Canada |
Soymeal |
17.60 |
351.60 |
|
Export Sales Totals (tmt) | |||
|
Colombia |
Soymeal |
12.60 |
112.00 |
|
Commodity |
Outstanding Sales |
Accum. Exports |
New Sales |
|
Dom. Rep. |
Soymeal |
30.50 |
94.60 |
|
Soybeans |
4,523.80 |
12,715.80 |
522.00 |
|
Guatemala |
Soymeal |
3.20 |
74.50 |
|
Soymeal |
1,347.30 |
1,907.50 |
189.20 |
|
Honduras |
Soymeal |
10.00 |
55.60 |
|
Soyoil |
71.40 |
107.80 |
4.30 |
