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Tuesday, May 26, 2020
China's April soybean imports nearly triple March volume
Customs data showed that China's soybean imports in April from top supplier Brazil rose 2.6% on-year, and almost triple from March arrivals, Reuters reported.
Tuesday, May 19, 2020
China Soymeal Weekly: Surging soy imports exert pressure on market (week ended May 18, 2020)
Feed producers continued to withhold buying in anticipation of weaker prices with the CBOT soy futures tumbling. Traders slashed prices to clear storage space in preparation for the upcoming wheat harvests.
Friday, May 15, 2020
Brazil soybean exporters benefit from China's recovery from African swine fever
Brazil is benefiting from China's recovery from African swine fever, as three-fourths of its soybean exports in March were gobbled up by the East Asian country, according to the state-run Xinhua News Agency, as reported by Caixin on Thursda ...
Tuesday, May 12, 2020
China Soymeal Weekly: Traders clear stocks amid soft demand (week ended May 11, 2020)
Despite stronger CBOT soy prices, soymeal market weakened in China. Trade was light as feed producers limited buying in anticipation of weak prices. Meanwhile, several traders negotiated prices to clear stocks in preparation for the upcomin ...
Wednesday, May 6, 2020
Soybeans, corn futures fell as US-China tensions rise
CBOT soybean and corn futures slid on Monday as growing tensions between US and China raised further demand worries, adding to COVID-19 disruptions on biofuel and livestock feed markets, reported Reuters.
Tuesday, May 5, 2020
China Soymeal Weekly: No signs of prices stabilising (week ended Apr 30, 2020)
Soymeal buyers were not eager to stock inventories in view of sliding prices amid ample availability. With shipments from Brazil arriving, soy crushing volumes in China are expected to increase to 1.75 million tonnes.
Tuesday, April 28, 2020
China Soymeal Weekly: Prices slid for the third week (week ended Apr 27, 2020)
Demand for soymeal remained slack as feed producers were reluctant to expand inventories with hog feed consumption limited. Hence, even as soy availability was tight while crushers' soymeal stocks stayed at ten-year lows, soymeal market was ...
Tuesday, April 21, 2020
China Soymeal Weekly: Market under pressure (week ended Apr 20, 2020)
As China's economy is expected to enter a recession due to the Wuhan coronavirus pandemic, feed producers withheld purchases of soymeal while hog feed consumption was only a fraction of previous years'. Hence, even as crushing volumes were ...
Tuesday, April 21, 2020
China projected to import more soybeans and pork in 2020
Soybean imports projected to reach 92.48 million tonnes in 2020, with pork imports increasing 32.7% from last year to 2.8 million tonnes this year, reported Reuters.
Thursday, April 16, 2020
China Soymeal Weekly: Prices consolidate lower after 14% rally (week ended Apr 13, 2020)
Prices softened lately. Over the week, prices of CBOT July soy futures closed 1.3% higher.
Wednesday, April 8, 2020
China Soymeal Weekly: Dwindling availability, strong demand lift prices (week ended Apr 6, 2020)
Prices continued to surge. Over the week, prices of CBOT May soy futures dropped 1.8% amid concerns of poor demand due to the Wuhan coronavirus pandemic.
Tuesday, March 31, 2020
China's soybean crushers fear supply shortage
Chinese soybean processors fear the spread of COVID-19 in major exporting countries could lead to further supply shortages.
Tuesday, March 31, 2020
China Soymeal Weekly: Prices surge 16% since mid-February (week ended Mar 30, 2020)
In China, prices of soymeal climbed further with crushing volumes shrinking. Since the Chinese New Year holidays ended in mid-February, soymeal prices have surged 16% although feed demand remained weak due to low animal population.
Tuesday, March 24, 2020
China Soymeal Weekly: Prices soar on dwindling availability (week ended Mar 23, 2020)
As soy imports were limited during March, several crushers halted operation resulting in tightened availability. Feed millers eagerly stocked soymeal inventories amid concerns that supplies might be scarce should soy shipments drop further.
Monday, March 9, 2020
China's soybean imports in January and February 2020 increase 14% year-on-year
Data from the General Administration of Customs showed China imported 13.51 million tonnes of soybeans in the first two months of 2020, a 14.2% year-on-year increase, reported Reuters.
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