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Wednesday, July 8, 2020
China Soymeal Weekly: Strong price rebound (week ended Jul 6, 2020)
Prices of soymeal increased as crushers were wary of the surge in the import costs of US soy beans. However, with weekly crushing volumes staying above 2 million tonnes, and the production of feed limited, soymeal inventories of sellers exp ...
Monday, July 6, 2020
China purchased more US corn and soybean in May
The United States exported large orders of corn, soybean and other agriculture goods to China in May, but China is still far from meeting its Phase 1 US-China trade deal pledge, Bloomberg reported.
Tuesday, June 30, 2020
China Soymeal Weekly: Market stable, sales limited (week ended Jun 29, 2020)
Soymeal sales were limited as feed producers continued to hold back purchases. This, together with expanding crushers' inventories, put a lid on soymeal prices.
Friday, June 26, 2020
Soy exporters in Brazil cannot guarantee shipments to China free from COVID-19
The association representing local grain traders, ANEC said Brazilian grain exporters should not declare shipments to China free from COVID-19 as that needs more testing, Reuters reported.
Friday, June 26, 2020
China's soy buyers ask guarantee of coronavirus-free cargoes
Soybean buyers are asking China's exporters to sign a letter assuring their cargoes are not infected with the new coronavirus, US, Brazilian and Canadian soy industry officials stated on Tuesday, Reuters reported.
Thursday, June 25, 2020
China's agriculture ministry approves first domestic GM soybean import for livestock feed use
Two genetically modified (GM) soybean varieties have been approved by China's Ministry of Agriculture and Rural Affairs, including one developed by Beijing Dabeinong Technology Group, the first Chinese engineered soybean approved for import ...
Tuesday, June 23, 2020
China Soymeal Weekly: Prices consolidate lower on cautious demand (week ended Jun 22, 2020)
China held its second round of reserves soy auction on June 19. With demand robust, closing prices were high and the 47,579 tonnes offered were fully sold within minutes.
Wednesday, June 17, 2020
China Soymeal Weekly: Lacklustre demand, weak prices (week ended Jun 15, 2020)
Demand for soymeal remained soft while the sales of hog feed were limited. Meanwhile, new outbreaks of the Wuhan coronavirus in Beijing sparked fears that the second wave of the pandemic might have started in China. Buyers withheld buying a ...
Tuesday, June 16, 2020
USDA reports China fresh purchase of soybeans
On June 15, private exporters reported export sales of 14.3 million bushels of soybeans to China during the 2020/2021 marketing year, USDA reported.
Friday, June 12, 2020
US exports 720,000 tonnes soybeans to China
US exported 720,000 tonnes of soybeans to China, the USDA said on Thursday, Reuters reported.
Tuesday, June 9, 2020
China Soymeal Weekly: Market stable as crushers stand firm (week ended Jun 8, 2020)
Soymeal market stayed stable despite slow demand. As profits were low with prices plummeting 14% in two months, crushers were reluctant to cut prices further.
Monday, June 8, 2020
China's May soybean imports soar 27.4% on-year
Based on customs data on Sunday, the soybean imports of China surged 27.4% in May against last year, Reuters reported.
Wednesday, June 3, 2020
China ordered state firms to stop importing soybeans and pork?
After the US said it would end special trade treatment for Hong Kong to punish Beijing, China has made a retaliatory move by allegedly directing state-owned firms to stop importing soybeans and pork from the US, CNBC reported, citing as sou ...
Tuesday, June 2, 2020
China Soymeal Weekly: Market ends six-week tumble (week ended Jun 1, 2020)
Demand for soymeal showed little improvement while livestock prices stayed weak, hence curtailing the production of feed. However, soymeal prices, which have tumbled 14% since early April, consolidated higher as crushers stood firm poor ret ...
Friday, May 29, 2020
China buys Brazilian soy as US trade tensions build up
As trade tensions with the US increase, China purchased over 10 cargoes of Brazilian soybeans this week in private transactions, according to sources familiar with the matter, Bloomberg reported.
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