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Wednesday, July 8, 2020
China Soymeal Weekly: Strong price rebound (week ended Jul 6, 2020)
Prices of soymeal increased as crushers were wary of the surge in the import costs of US soy beans. However, with weekly crushing volumes staying above 2 million tonnes, and the production of feed limited, soymeal inventories of sellers expanded lately.
Monday, July 6, 2020
China purchased more US corn and soybean in May
The United States exported large orders of corn, soybean and other agriculture goods to China in May, but China is still far from meeting its Phase 1 US-China trade deal pledge, Bloomberg reported.
Monday, July 6, 2020
Cofco plans to implement full traceability for its Brazilian soybean purchases
Cofco International said it has vowed full traceability for its purchases of Brazil soybean by 2023, verified by a third party, aimed at slowing down deforestation, Bloomberg reported.
Monday, July 6, 2020
Labour shortage due to COVID-19 may affect US soybean and corn harvests
United States wheat farmers are affected by the shortage of seasonal immigrants who come to work on farms due to COVID-19, which may affect soybean and corn harvests that begin in September, Reuters reported.
Thursday, July 2, 2020
US researchers eye to improve soybean quality
Several US researchers from different universities, led by Ignacio Ciampitti, are working on a project focused on the improvement of soybean quality, US Soybean Export Council reported.
Wednesday, July 1, 2020
Cargill highlights progress towards deforestation-free soy supply chain
As part of its commitment to sustainably nourish the world, Cargill reports continued progress toward building a deforestation-free soy supply chain.
Tuesday, June 30, 2020
China Soymeal Weekly: Market stable, sales limited (week ended Jun 29, 2020)
Soymeal sales were limited as feed producers continued to hold back purchases. This, together with expanding crushers' inventories, put a lid on soymeal prices.
Friday, June 26, 2020
Soy exporters in Brazil cannot guarantee shipments to China free from COVID-19
The association representing local grain traders, ANEC said Brazilian grain exporters should not declare shipments to China free from COVID-19 as that needs more testing, Reuters reported.
Friday, June 26, 2020
China's soy buyers ask guarantee of coronavirus-free cargoes
Soybean buyers are asking China's exporters to sign a letter assuring their cargoes are not infected with the new coronavirus, US, Brazilian and Canadian soy industry officials stated on Tuesday, Reuters reported.
Thursday, June 25, 2020
China's agriculture ministry approves first domestic GM soybean import for livestock feed use
Two genetically modified (GM) soybean varieties have been approved by China's Ministry of Agriculture and Rural Affairs, including one developed by Beijing Dabeinong Technology Group, the first Chinese engineered soybean approved for import, Reuters reported.
Tuesday, June 23, 2020
China Soymeal Weekly: Prices consolidate lower on cautious demand (week ended Jun 22, 2020)
China held its second round of reserves soy auction on June 19. With demand robust, closing prices were high and the 47,579 tonnes offered were fully sold within minutes.
Wednesday, June 17, 2020
China Soymeal Weekly: Lacklustre demand, weak prices (week ended Jun 15, 2020)
Demand for soymeal remained soft while the sales of hog feed were limited. Meanwhile, new outbreaks of the Wuhan coronavirus in Beijing sparked fears that the second wave of the pandemic might have started in China. Buyers withheld buying amid cautious mood.
Tuesday, June 16, 2020
USDA reports China fresh purchase of soybeans
On June 15, private exporters reported export sales of 14.3 million bushels of soybeans to China during the 2020/2021 marketing year, USDA reported.
Friday, June 12, 2020
US exports 720,000 tonnes soybeans to China
US exported 720,000 tonnes of soybeans to China, the USDA said on Thursday, Reuters reported.
Thursday, June 11, 2020
Soybean factory expands in Brazil's Amazon
As the COVID-19 outbreak reaches deep into Brazil's Amazon, a continuous stream of trucks has been transporting soybeans and construction workers to an expanding port complex in the middle of the forest, Reuters reported.
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