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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.
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
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.
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 ...
Saturday, May 30, 2020
Global aquaculture decline shakes soybean demand
After the global outbreak of ASF that wiped out over one-quarter of the world's hog herd, the subsequent decline of the aquaculture sector has further dampened the soybean meal market, The Western Producer 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.
Thursday, May 28, 2020
Global soy production seen to increase 8%
Global soybean production in marketing year 2020-21 (October 2020-September 2021) is forecast to surge 8% to 362.8 million tonnes from the 2019-20 estimate. The figure is also 2.5 million tonnes above the 2018-19 record.
Wednesday, May 27, 2020
Soybean loading continues at Brazil port after quarantine
After a ship was ordered into isolation due to a crew member testing positive for COVID-19, soybean loading operations were set to resume on Tuesday at Brazil's Paranaguá port, authorities said, Reuters 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.
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.
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