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Monday, February 9, 2015
China Soymeal Weekly: Feed millers stock inventories, lift trading volume by 42% (week ended Feb 8, 2015)
CBOT soy futures prices remained under 1,000 cents per bushel despite dwindling US soy supplies. Demand for soymeal increased as feed millers restocked depleted inventories while prices remained at record low levels. Over the past week, soy ...
Thursday, February 5, 2015
South Africa attains largest soybean cultivation at 620,300 hectares
South Africa had witnessed its largest cultivation of soybean on record, at a 23% jump to 620,300 hectares for the season. The upward trend was attributed to the rising demand for soy products.
Monday, February 2, 2015
China Soymeal Weekly: Weak trend prevails (week ended Feb 1, 2015)
CBOT soy futures prices stayed below 1,000 cents per bushel amid abundant supplies. Soymeal market continued to weaken even though feed millers accumulated stocks lately in preparation for the week-long holidays during Chinese New Year. Nev ...
Monday, February 2, 2015
Brazil's 2014/15 soybean production hampered by dry conditions
Dry conditions in Brazil have casted a scorching encumbrance on local soybean crops for the 2014/15 period, according to AgRural. In light of this less optimistic situation, the consultancy may lower its soybean forecast from 95 million ton ...
Tuesday, January 27, 2015
China Soymeal Weekly: No signs of prices stabilising (week ended Jan 25, 2015)
Weighed down by South America's imminent bumper harvest, CBOT soy futures prices fell prominently during the period in review. Domestically, soymeal market found little support as sales of feed remained limited while the prices of hog and b ...
Thursday, January 22, 2015
Brazil's 2014/15 soy output to reach 94.2 million tonnes
Brazil's soy output for 2014/15 will reach a record 94.2 million tonnes, according to crop analysts Celeres. The figure exceeds by 3% the 91.4 million tonnes forecasted in August last year.
Thursday, January 22, 2015
Non-GMO, high-protein soybean released for feed market
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Tuesday, January 20, 2015
China Soymeal Weekly: Weak trend resumes (week ended Jan 18, 2015)
South America's bumper soy harvest exerted pressure on CBOT soy futures market, dragging prices below 1,000 cents per bushel. Soymeal prices in China dropped in tandem, falling 3.4% over the week.
Monday, January 19, 2015
Soy glut feared as world output forecast raised to 314 million tonnes
The specter of a soy glut is seen after the US Department of Agriculture's (USDA) has raised its forecast for world output of soybean crop to 314.4 million tonnes, which is up 1.6 million tonnes, due to US and Brazilian gains.
Friday, January 16, 2015
China soy imports reach record 8.5 million tonnes in December
China's soy imports in December reached 8.53 million tonnes, setting a new record that exceeded the previous record in December 2013 by 16.8%. The figure was 41.5% higher than the month before.
Tuesday, January 13, 2015
Aussie, Chinese scientists discover new salt-tolerant soy gene
Australian and Chinese scientists have stumbled upon a particular soybean gene which could lead to stronger crop endurance of soil salinity as well as improved output, according to an article in The Plant Journal. Backed by the Australian R ...
Monday, January 12, 2015
China Soymeal Weekly: Prices stable but market remains weak (week ended Jan 11, 2015)
CBOT soy futures prices stayed above US10/bushel during the week in review, lending support to China's soymeal market. Soymeal stocks of crushers totalled 600,000 tonnes during late December, rising substantially by 230,000 tonnes compared ...
Wednesday, January 7, 2015
India's soymeal exports down 59% in December
India's soymeal exports slumped by 59% to 194,012 tonnes in December 2014 from 470,799 tonnes in the same month the year before. The Soybean Processors' Association of India (SOPA) attributed the big drop to "uncompetitive price" in the exp ...
Wednesday, January 7, 2015
Dow introduces Conkesta soy trait to combat pests
Dow Agroscience recently unveiled a new insect-resistant soybean trait that will help farmers combat lepidopteran pests. The product, which Dow Agroscience markets using a new brand name, Conkesta™, is currently undergoing regulatory proces ...
Tuesday, January 6, 2015
China Soymeal Weekly: Slower price falls (week ended Jan 4, 2015)
Crushing rates in China remained high, exceeding past years' average levels, amid abundant availability of soy and high profitability. Hence, even as soymeal demand improved lately while feed millers stockpiled inventories in preparation fo ...
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