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Tuesday, January 17, 2023
USDA says corn and soybean output down last year
The US Department of Agriculture's (USDA) National Agricultural Statistics Service 2022 Crop Production Annual Summary showed that corn and soybean production in the country declined in 2022 compared to the year prior, MorningAg reported.
Friday, January 13, 2023
Argentina exchange sharply cuts soy, corn harvest due to worst drought in decades
Argentina's Rosario Grains exchange sharply cut its forecast for the country's 2022/23 soybean harvest from 49 million tonnes to 37 million tonnes, as Argentina faces its worst drought in 60 years, Nasdaq reported.
Friday, January 13, 2023
Brazilian farmers to harvest bigger soybean crop compared to last season
Farmers in Brazil are expected to harvest a bigger soybean crop compared to last season, despite dryness in southern parts of the country and a delayed start to the harvest in the centre-west region due to rains, Nasdaq reported.
Wednesday, January 11, 2023
Soybean imports from China have peaked, expected to decline to 2030
Soybean imports from China have appeared to hit their peak level, and is expected to steadily drop until 2030 as the country doubles down on food security, South China Morning Post reported.
Tuesday, January 10, 2023
Soybean harvest in Brazil off to a slow start
Agribusiness consultancy AgRural said Brazil's 2022/23 soybean harvest has only reached 0.04% of the national planted area as of January 5, 2023, compared to 0.2% at the same time in 2022, Investing.com reported.
Tuesday, January 10, 2023
Rabobank report sees slowdown and decline of China's soybean imports through 2030
A new report has projected that China's soybean imports will slow down and eventually decline through 2030 as a result of slower livestock production growth, continuous improvement in farming practices and widespread adoption of a low-soyme ...
Tuesday, January 10, 2023
Indonesia to carry out special intervention to reduce soybean prices
Indonesia's Ministry of Trade said it will conduct a special intervention to reduce rising soybean prices in the market, Antara reported.
Tuesday, January 10, 2023
Record soybean harvest expected in Belize
Belize's soybean production is expected to reach record totals as soybean oil and soymeal are now exported from the country, Breaking Belize News reported.
Wednesday, January 4, 2023
China Soymeal: Prices rebound on limited availability (week ended Jan 3, 2023)
Over the week, the closing price of CBOT March soy futures surged 2.8%.
Wednesday, January 4, 2023
Pakistan permits import of soybean meals
Pakistan's Ministry of Food Security and Research (MoFS&R) has decided to allow and facilitate import of soybean meals to resolve the issue of oilseeds stuck at a port.
Tuesday, January 3, 2023
Brazil soybean exports likely to soar backed by all-time high harvest
Brazilian government agencies and commodity analysts said Brazil, the world's largest soybean supplier, is expected to reach a record trading volume in marketing year 2022-23 (January-December 2023) due to an all-time high harvest forecast, ...
Tuesday, January 3, 2023
US soybean crushings in November likely declined
Analysts said US soybean crushings likely fell in November 2022 to 5.706 million short tonnes, or 190.2 million bushels, ahead of a monthly US Department of Agriculture (USDA) report, Successful Farming reported.
Thursday, December 29, 2022
China's pig producers tweak feed formulations as soybean supply tightens, prices increase
In the first half of 2022, soybean production in South America decreased substantially while soybean inventories in the United States dropped to low levels, hence supporting CBOT soybean prices.
Tuesday, December 27, 2022
Purdue University study shows soybean oil for biofuels has limited impact on overall food prices
The United Soybean Board (USB) partnered with Purdue University on a Food and Fuel study to evaluate whether the increased use of soybean oil in biofuels has contributed to the rising retail prices of food products for consumers in the Unit ...
Saturday, December 24, 2022
China's soybean imports expected to rise in 2023, will benefit Brazil farmers
Victor Martins, senior risk manager at HedgePoint Global Markets, said China will end the year with historically low soymeal carryover stocks, which means it will increase its imports of soybeans next year, Nasdaq reported.
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