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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 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 ...
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.
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 ...
Thursday, April 23, 2020
Brazil's April soybean exports rise 28%
In the first three weeks of April, Brazil exported 9.16 million tonnes of soybeans, up 28% on-month, according to the Brazilian foreign trade department.
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.
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 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.
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.
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