Tag: soybean

EU imports of US soybeans doubled

EU imports of US soybeans doubled

January 19, 2019 |

In Germany, UFOP reports that following China’s ban on U.S. soybeans, the U.S. has been in need of new buyers. The EU-28 benefits from this situation as its imports of US soybeans have multiplied. The EU-28 has always depended on oilseed imports from third countries, because EU demand exceeds EU production by around 30 per […]

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Epitome Energy chooses Minnesota site for future soybean biodiesel plant

Epitome Energy chooses Minnesota site for future soybean biodiesel plant

January 17, 2019 |

In Minnesota, Epitome Energy has chosen the town of Crookston as the location of its proposed soybean extraction plant that will produce 30 million gallons per year of biodiesel in addition to soy oil and soybean meal. The company told local press that there are more than 1.8 million acres of soybeans in the 10 […]

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Good soybean supply – rapeseed slightly scarcer

Good soybean supply – rapeseed slightly scarcer

November 18, 2018 |

In Germany, UFOP reports that the stock-to-use ratios for soybean and sunflower seed have improved due to larger crops globally; rapeseed has gone down slightly. The stock-to-use ratio for rapeseed and sunflower seed has been in decline for years now. The picture is somewhat different for soybeans. Bumper crops are causing supply and stocks to […]

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Brazilian industry looking at way to reduce soybean exports to China

Brazilian industry looking at way to reduce soybean exports to China

November 8, 2018 |

In Brazil, Reuters reports that Ubrabio wants the government to return 10% of the taxes levied on soybean exports to be returned to crushers so they can compete with international demand for whole beans. China has been importing Brazilian soybeans en masse in response to the trade war with the US that has in turn […]

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Chinese demand for Brazilian soy leaves biodiesel producers without feedstock

Chinese demand for Brazilian soy leaves biodiesel producers without feedstock

October 8, 2018 |

In Brazil, Bloomberg reports that thanks to demand for soybeans from China that have seen premiums double this past year, domestic soybean crushers are expected to hold off until the harvest begins in 2019 because of negative margins. So, while overall exports of soybeans are up 13% on the year through September with 91% of […]

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Soybean ending stocks increasing strongly

Soybean ending stocks increasing strongly

September 30, 2018 |

In Germany, UFOP reports that world soybean production in the 2018/19 marketing year will likely be higher than previously expected. Since Chinese demand is shrinking, stocks could surge to a record high. In its September report, the USDA raised its estimate of global soybean production for 2018/19 by 2.2 million tonnes to 369.3 million tonnes. […]

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Trade disruptions impacting soybean, corn and ethanol industries

Trade disruptions impacting soybean, corn and ethanol industries

September 27, 2018 |

In Iowa, a new study by researchers at the Center for Agricultural and Rural Development (CARD) at Iowa State University reveals the impacts that current trade disruptions are having on Iowa’s economy. The CARD study calculated that Iowa’s soybean industry faces losing between $159 million and $891 million. The state’s corn industry may lose between […]

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China’s tariffs hurting U.S. soybean exports

China’s tariffs hurting U.S. soybean exports

September 9, 2018 |

In Missouri, the University of Missouri’s Food and Agriculture Policy Research Institute (FAPRI) published an analysis update to its March 2018 U.S. Baseline Outlook for Agricultural and Biofuel Markets which shows that China’s tariffs are reducing U.S. soybean exports. The marketing year average (MYA) price for soybeans falls to $8.73 per bushel in 2018/19, the […]

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Global soybean production in 2018/19 could reach record level

Global soybean production in 2018/19 could reach record level

August 18, 2018 |

In Germany, UFOP reports that global 2018/19 soybean production is estimated significantly higher than the previous month. The U.S. Department of Agriculture raised its forecast for the U.S. considerably, now expecting a bumper crop. The reason is an unexpected strong increase in U.S. crop expectations for 2018. According to the outlook, the U.S. could harvest […]

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S&P Global Platts announces soybean price assessments

S&P Global Platts announces soybean price assessments

July 31, 2018 |

In the UK, S&P Global Platts announced that it has started publishing three daily soybean price assessments: SOYBEX CFR China, SOYBEX FOB Santos and SOYBEX FOB Paranagua. The daily price assessment SOYBEX CFR China reflects the value of soybeans on a delivered basis into ports in North China. The daily price assessments SOYBEX FOB Santos […]

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