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Wednesday, June 10, 2020
US soy council sees continued lower soybean meal demand
US packing plants continue to erode soybean meal demand by either being shut down or not running at full capacity, reported US Soybean Export Council.
Tuesday, June 9, 2020
Bayer weed killer used in soybean farming banned in the US
Bayer AG has been blocked by the US appeals court from selling its agricultural weed killer in the United States used by soybean farmers, Reuters reported.
Tuesday, June 9, 2020
Argentina government takes over soy crusher Vicentin
Argentina President Alberto Fernandez said the government will purchase bankrupt Vicentin in order save jobs and protect Argentina's food exports, 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.
Wednesday, June 3, 2020
Chinese firms buy US soybeans even after government orders to stop purchases
Three cargoes of soybeans from the United States have been purchased by China state-owned companies, even after China's government ordered these companies to stop purchases, Reuters reported.
Saturday, May 30, 2020
EU feed industry on track for deforestation-free soy, says IDH report
A report by the Sustainable Trade Initiative (IDH) says that an estimated 38% of soybean meal consumption in Europe is compliant with the FEFAC Soy Sourcing Guidelines (SSG) and 19% is certified deforestation-free as of 2018, when the surve ...
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.
Friday, May 22, 2020
USSEC conducts demo on optimising feed costs with US soybean meal
US Soybean Export Council's (USSEC) conducted a webinar for the Indonesian poultry industry on May 4, as part of the council's commitment to stay engaged with the stakeholders during the COVID-19 crisis, USSEC reported.
Thursday, May 21, 2020
USDA gives COVID-19 assistance payments for corn, soy, wheat
US farmers that grow crops including corn and soybeans will get COVID-19 aid payments based on either half of their 2019 output or their supplies as of January 15, the government said Tuesday, Reuters reported.
Tuesday, May 12, 2020
US soybeans face higher frost risk
With a low air temperature forecast on Saturday in the mid-20s, soybeans in US Michigan are more at risk of severe injury than corn, reported Monroe News.
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.
Friday, April 17, 2020
US soybean futures regain from 3-1/2-week low
Chicago Board Of Trade (CBOT) soybean futures bounced back on Wednesday from their lowest after more than three weeks.
Thursday, April 16, 2020
Corn, soybeans, ASF, coronavirus - and the damage done
Human and animal diseases are slashing world meat consumption estimates but having less of an impact on feed crop supplies. Strangely, the more these diseases depress feed crop markets, the faster the next rally will arrive.
Thursday, April 9, 2020
US farmers to plant more corn, soybean acres for 2020
According to the USDA Prospective Plantings report, US farmers intend to plant more corn and soybean acres this year.
Thursday, April 9, 2020
Glencore Agriculture offers US$325 million for stake in Argentine soy crushing plant Renova
The commodities trader is looking to purchase the remaining minority stake in the soy crusher held currently by Vicentin, a bankrupt family-owned company, sources told Reuters.
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