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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.
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.
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