Tag: soybean

Minnesota state legislature closer to investing in Crookston biodiesel facility

Minnesota state legislature closer to investing in Crookston biodiesel facility

April 18, 2019 |

In Minnesota, funding for a soybean crush and biodiesel facility in Crookston has passed a key hurdle in the Minnesota legislature. The proposed Soy Innovation Campus at the University of Minnesota Crookston will receive $5 million in funding as part of a bill authored by Sen. Torrey Westrom (R-Elbow Lake), who chairs the Senate Agriculture, […]

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Trade dispute reduces U.S. soybean area

Trade dispute reduces U.S. soybean area

April 7, 2019 |

In Germany, UFOP reports that because of the U.S. trade dispute with China and the resulting limited export potential, U.S. farmers are growing fewer soybeans. In most U.S. states, farmers have likely planted fewer soybeans in 2019. This assumption is based on figures published by the USDA, which expects the 2019 US soybean area to […]

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Epitome Energy hopes to break ground on $150 million soybean complex in spring 2021

Epitome Energy hopes to break ground on $150 million soybean complex in spring 2021

February 21, 2019 |

In Minnesota, local press reports that Epitome Energy could break ground on its proposed $150 million soybean crushing and biodiesel facility in spring 2021 should everything go as planned, with the build period seen at around 18 months. The project has received a $450,000 grant from the state’s department of transportation to improve rail infrastructure […]

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Plans underway to develop soybean biodiesel facility in northwest Minnesota

Plans underway to develop soybean biodiesel facility in northwest Minnesota

January 29, 2019 |

In Minnesota, a local entrepreneur is fundraising to secure $10 million in order to take the first steps in developing a biodiesel production facility in Crookston that would absorb some of the area’s soybean surplus that once went to China or is processed far away. The proposed $150 million project in the northwest part of […]

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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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