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Tuesday, September 19, 2023
US Midwest weather inhibits American soybean output - and to Brazil's benefit
A recent report by LMC International Ltd. shed light on the US soybean sector: the industry's total economic impact on the American economy averaged US$124 billion, including US$85.7 billion from soy production and US$9.8 billion from soybe ...
Thursday, September 14, 2023
Explosion at ADM facility in Decatur, Illinois injures employees, disrupts corn, soy processing
An explosion and fire at the Archer-Daniels-Midland (ADM) facility in Decatur, Illinois, have left several employees injured and severely impacted crop processing operations, including corn and soybeans, Reuters reported.
Thursday, September 14, 2023
USDA cuts forecast for soybean production in 2023
The United States Department of Agriculture (USDA) lowered its forecast for US 2023 soybean production, yield and ending stocks in its September Crop Production and World Agricultural Supply and Demand Estimates reports.
Thursday, September 7, 2023
Erratic monsoon rainfall threatens India's soybean crop
India's monsoon season has brought erratic rainfall to several major crop-producing regions, raising concerns that the adverse conditions will affect country's soybean crop, Gro Intelligence reported.
Wednesday, September 6, 2023
Argentine farmer sales of soybeans mixed, corn and wheat on the rise
Argentine farmer sales of agricultural commodities displayed a mixed pattern in the week ending August 23, according to data released by the country's agriculture secretariate on August 30, Fastmarkets reported.
Tuesday, September 5, 2023
China Soymeal: Prices surge 32% from Q2 low (week ended Sep 4, 2023)
Over the week, the closing price of CBOT November soy futures decreased 1.3%.
Tuesday, September 5, 2023
Bayer expected to sow up to 15% of Brazilian soybean area with GM seed in 2023/24
Germany's Bayer has forecast that between 10% to 15% of Brazil's soybean area will be sowed with its genetically modified biotech seed, Intacta2 Xtend, in the 2023/24 season, said Fernando Prudente, who oversees soybeans and cotton for the ...
Tuesday, September 5, 2023
Heat, drought imposing potential pressure on soybean yields in US Midwest
Prolonged drought and record heat are threatening soybean yields in several key growing US states across the United States' Midwest, Iowa Agribusiness Radio Network reported.
Monday, September 4, 2023
Global soybean production expected to reach 403 million tonnes
The US Department of Agriculture (USDA) forecasts that global soybean production for the current season will approximate 403 million tonnes, with Brazil, Argentina, and the US contributing to 81% of this total, Biofuels International report ...
Wednesday, August 30, 2023
New study finds US soybean industry has US$124 billion impact on US economy
The National Oilseed Processors Association (NOPA) and the United Soybean Board (USB) in the United States have announced the availability of a new study, "The Economic Impact of the U.S. Soybeans & End Products on the U.S. Economy ...
Tuesday, August 29, 2023
Kentucky State University secures US$600,000 grant for soybean research
Kentucky State University has been awarded a grant of US$600,000 to support research focused on nitrogen management in soybean production, Brownfield Ag News reported.
Wednesday, August 23, 2023
China Soymeal: Prices on track to breaking 2022 highs (week ended Aug 21, 2023)
Over the week, the closing price of CBOT November soy futures rebounded 3.5%.
Tuesday, August 22, 2023
China's soybean imports from US plummet 62% in July, while Brazil surges 32%
China's soybean imports underwent a significant shift in July, as the nation's soybean imports from the US experienced a sharp decline of 62% compared to the previous year, while soybean shipments from Brazil, China's leading soybean suppli ...
Tuesday, August 22, 2023
China to subsidise fertilisers and pesticides used for corn and soybean productions in northern region
China's Ministry of Finance has arranged for a one-time subsidy fund of ¥2.4 billion (US$329.67 million) for fertilisers and pesticides for corn and soybeans grown in the north of the country, state media said on August 21.
Monday, August 21, 2023
Taiwan unveils high-protein, weather-resistant soybean variety
Taiwan government agronomists introduced the "Taichung No. 1 - September bean," a newly developed soybean variety renowned for its high protein content and resilience to adverse weather conditions, which aims to mitigate Taiwan's ...
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