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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.
Wednesday, April 8, 2020
China Soymeal Weekly: Dwindling availability, strong demand lift prices (week ended Apr 6, 2020)
Prices continued to surge. Over the week, prices of CBOT May soy futures dropped 1.8% amid concerns of poor demand due to the Wuhan coronavirus pandemic.
Friday, April 3, 2020
Argentine soy crops industry affected by bad weather and COVID-19
The Buenos Aires Grains Exchange has cut the country's soy harvest estimates, while exports have been delayed due to mandatory health inspections on incoming cargo ships at Parana River port, reported Reuters.
Wednesday, April 1, 2020
Brazil's Parana expects more soy, less corn crops
Brazil's Parana raised its forecast for the current 2019-20 soybean crop to a record of over 20 million tonnes, while its estimate for the winter corn crop (safrinha) fell on a lack of recent rainfall stressing plantations in some areas.
Tuesday, March 31, 2020
China's soybean crushers fear supply shortage
Chinese soybean processors fear the spread of COVID-19 in major exporting countries could lead to further supply shortages.
Tuesday, March 31, 2020
China Soymeal Weekly: Prices surge 16% since mid-February (week ended Mar 30, 2020)
In China, prices of soymeal climbed further with crushing volumes shrinking. Since the Chinese New Year holidays ended in mid-February, soymeal prices have surged 16% although feed demand remained weak due to low animal population.
Tuesday, March 31, 2020
Argentine soy exports delayed due to COVID-19 inspections
Industry sources said exports of soybeans, soymeal, corn and other agricultural products from Argentina face massive delays as the government increased COVID-19 inspections on cargo ships, reported Reuters.
Tuesday, March 24, 2020
China Soymeal Weekly: Prices soar on dwindling availability (week ended Mar 23, 2020)
As soy imports were limited during March, several crushers halted operation resulting in tightened availability. Feed millers eagerly stocked soymeal inventories amid concerns that supplies might be scarce should soy shipments drop further.
Friday, March 13, 2020
Corn, soybeans drop almost 2% as global markets recoil
As concerns over the economic fallout from the fast-spreading coronavirus dragged down equities and commodities, Chicago corn and soybean futures slid 2% on Monday, both extending losses into a third session.
Monday, March 9, 2020
China's soybean imports in January and February 2020 increase 14% year-on-year
Data from the General Administration of Customs showed China imported 13.51 million tonnes of soybeans in the first two months of 2020, a 14.2% year-on-year increase, reported Reuters.
Monday, March 9, 2020
China Soymeal Weekly: Sharp price hikes on tight availability, strong buying interest (week ended Mar 9, 2020)
Buyers stocked inventories of soymeal enthusiastically amid concerns that deliveries might be problematic should the Wuhan virus (Covid-19) outbreak turn for the worse. Hence even as CBOT soy prices stayed flat while feed demand remained sl ...
Friday, March 6, 2020
Coronavirus, trade war politics and the fate of US soybean farmers
Trade war politics devastated US soybean farming but the revenue downturn pre-dates the trade war with China. Coronavirus is forcing China to ramp up soybean imports and partly restore US soy farming fortunes. Why you should expect China to ...
Thursday, March 5, 2020
US Agriculture Secretary predicts China will purchase US soybeans in late spring and summer
The prediction by Sonny Perdue, US Agriculture Secretary comes as China pledged to purchase additional agricultural goods from the United States as part of the US-China Phase 1 trade deal reported Reuters.
Wednesday, March 4, 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.
Wednesday, March 4, 2020
Argentina to raise taxes on soybean exports: report
Argentina is expected to raise taxes on soybean exports from 30 to 33%, a spokesman for the CRA confederation of farmers said on Tuesday following a meeting with government officials, Reuters reported.
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