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Friday, May 14, 2021
High corn and soybean demand to keep US stockpiles of the commodities at seven year lows
The United States Agriculture Department (USDA) said high domestic corn and soybean demand will keep stockpiles of both commodities at near seven-year lows, even after farmers harvest crops they are seeding currently, Reuters reported.
Friday, May 14, 2021
Argentine soy crusher Vicentin to sell majority stake
Major Argentine soy crusher Vicentin has begun talks to sell a majority stake to export companies Viterra, Molinos Agro and Argentine cooperative ACA, Reuters reported.
Wednesday, May 12, 2021
China's soybean imports up 11% on year in April 2021
China's April soybean imports are up 11% compared to the same month last year as delayed Brazilian shipments of the oilseed arrive, according to data from the General Administration of Customs, Reuters reported.
Tuesday, May 11, 2021
ADM to build soy crushing facility in North Dakota, US
ADM has announced on May 10 its plan to build US state North Dakota's first-ever dedicated soybean crushing plant and refinery to meet fast-growing demand from food, feed, industrial and biofuel customers, including producers of renewable diesel.
Wednesday, May 5, 2021
Global grains merchants and Brazilian soy farmers dispute over agreements
Global grains merchants are monitoring Brazilian soy farmers to ensure the farmers deliver promised crops and do not seek a different buyer, as prices for soybeans have doubled since the agreements were made, Reuters reported.
Tuesday, May 4, 2021
China Soymeal: Market strengthens despite cautious demand (week ended May 3, 2021)
Over the week, prices of CBOT July soy futures strengthened 1.2%.
Monday, April 26, 2021
China Soymeal: Prices rebound strongly to six week high (week ended Apr 26, 2021)
Soymeal prices rebounded strongly to six week highs as crushers lifted prices while CBOT soy futures rallied. Nonetheless, buyers were cautious while feed production was limited.
Wednesday, April 21, 2021
China's March soybean imports from the US increases, Brazilian imports plunge
China increased its United States soybean imports by fourfold as delayed cargoes arrive, reaching the highest monthly total since December 2016, while Brazilian soybean imports dropped as shipments from Brazil are delayed due to rains, Reuters reported.
Wednesday, April 21, 2021
US corn futures highest in eight years, soybean nears seven year high
Chicago Board of Trade (CBOT) corn futures reached its highest in eight years, while soybean futures neared its highest in seven years, which analysts said are because of tightening supplies supporting cash markets and speculative buying, Reuters reported.
Wednesday, April 21, 2021
Brazil's ABPA says the US and Ukraine will benefit from soybean and corn tariff waivers
Ricardo Santin, president of Brazilian meat lobby ABPA, said the government's decision to suspend import tariffs for soybean and corn will benefit the United States and Ukraine, as two countries could export corn to Brazil as livestock feed, Reuters reported.
Tuesday, April 20, 2021
Brazil Agriculture Ministry suspends import duties on soy and corn until end-2021
Brazil's Agriculture Ministry has suspended import duties on soy, soybean meal, soybean oil, and corn until the end of this year as the country looks to slow down inflation caused by surging commodities prices globally, Reuters reported.
Thursday, April 15, 2021
China's soybean and grains imports in Q1 2021 up thanks to strong demand
Data from China's General Administration of Customs showed China's soybean, corn, and wheat imports increased in the first quarter of 2021 thanks to strong demand from the livestock industry, Reuters reported.
Monday, April 12, 2021
China Soymeal: Supply rise, demand fall hold prices flat (week ended Apr 12, 2021)
Soymeal prices consolidated higher as buyers increased stockpiles prudently while prices were low. However, with 10 million tonnes of Brazilian soy projected to arrive in May, price rise was marginal.
Monday, April 5, 2021
USSEC: US soy sector connects with counterparts from Mexico in March event
On March 11-12, the US Soybean Export Council (USSEC), American Soybean Association, United Soybean Board, Iowa Soybean Association (ISA) and the Iowa Economic Development Authority hosted the Iowa Virtual Trade Mission to Mexico to continue connecting with all members of the soy supply chain.
Monday, April 5, 2021
China Soymeal: Prices stabilise on improved demand (week ended Apr 5, 2021)
Low costs of soymeal attracted some buyers to stockpile inventories, albeit cautiously. Crushers, who limited production, held prices firm to sustain profit margins.
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