Tag: soybean

Rapeseed meal prices drop 13% but soybean meal price stays steady

Rapeseed meal prices drop 13% but soybean meal price stays steady

August 5, 2017 |

In Germany, UFOP reports that German wholesale prices for rapeseed meal dropped substantially over the past few weeks. Asking prices dwindled by almost 13 per cent to the recent level of EUR 186 per tonne ex production facility. The reasons for the decline in prices were rising new-crop supply and waning feedstock prices, Agrarmarkt Informations-Gesellschaft […]

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Second largest soybean harvest on record worldwide but is it real?

Second largest soybean harvest on record worldwide but is it real?

July 30, 2017 |

In Germany, UFOP reports that in the running marketing year, farmers are expected to bring in the second largest soybean harvest on record worldwide. This suggests ample supply – but reality is arguably different. Stocks are even projected to decline slightly at the end of 2017/18. Large harvest amounts lead to lower price levels and […]

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North Dakota Soybean Processors have until March to raise $60 million in equity

North Dakota Soybean Processors have until March to raise $60 million in equity

July 25, 2017 |

In North Dakota, North Dakota Soybean Processors is giving itself until March to raise the $60 million in equity needed for the planned $287 million soybean crushing project but until then is roadshowing to local investors who would need to put in a minimum of $40,000. Share prices will go up September 1 to a […]

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CountryMark Invests Nearly $500,000 in Soybean Based Biodiesel

CountryMark Invests Nearly $500,000 in Soybean Based Biodiesel

July 15, 2017 |

In Indiana, agricultural, farmer-owned cooperative, CountryMark invested nearly half a million dollars for its new biodiesel rack injection system. CEO Charlie Smith said the new system benefits consumers because of the more efficient and better biodiesel blend, and benefits soy farmers in their co-op because of increased demand of the soybean oil used for their […]

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Trump Nominates Soybean CEO Censky as Deputy Secretary of Agriculture

Trump Nominates Soybean CEO Censky as Deputy Secretary of Agriculture

July 15, 2017 |

In Washington, DC, President Trump nominated American Soybean Association CEO Steve Censky to serve as deputy secretary of agriculture to manage day-to-day operations at the USDA. Censky has been CEO of the American Soybean Association for 21 years, making this a big change for him. He grew up on a soybean, corn, and diversified livestock […]

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Big Drops in Conventional Soybean Meal Pricing

Big Drops in Conventional Soybean Meal Pricing

July 8, 2017 |

In Germany, UFOP reports that prices for conventional soybean meal have fallen significantly over the year with global supply exceeding demand and putting downward pressure on asking prices. Since the beginning of the year, asking prices for 48 percent protein soybean meal have dropped by 18 percent to the current lowest level since April 2016 […]

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Increased supply of GMO-free soybean weighed down price advantage of rapeseed meal

Increased supply of GMO-free soybean weighed down price advantage of rapeseed meal

June 18, 2017 |

  In Germany, UFOP reports that the past weeks’ weakness in prices of GMO-free soybean meal reduced the price advantage of rapeseed meal over soybean meal as ingredients of compound feed. Over the past few weeks, German prices of GMO-free soybean meal dropped substantially. The rise in GMO-free soybean supply in South America curtailed the […]

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Weaker soybean prices weigh on rapeseed market

Weaker soybean prices weigh on rapeseed market

June 4, 2017 |

In Germany, UFOP reports that “ample global soybean supply and an increase in soybean acreage in the US for the upcoming 2017 crop put downward pressure on Chicago soybean prices. Rapeseed in Paris also flagged, but remained at the previous year’s level thanks to shaky harvest outlooks.” The nearby for soybean in Chicago dropped to […]

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US soybean production hits record level

US soybean production hits record level

August 20, 2016 |

In Germany, UFOP reports that US growing conditions for soybeans continue to be optimal. Fears of losses caused by drought are history now. The record area planted with soybeans could allow farmers to bring in the biggest ever soy harvest this autumn. The USDA forecast pegs this year’s US soybean crop at around 110.5 million tonnes. […]

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Prices for rapeseed, soybean and sunflower oil have converged: UFOP

Prices for rapeseed, soybean and sunflower oil have converged: UFOP

August 14, 2016 |

In Germany, UFOP is reporting that “prices for rapeseed oil, soybean oil and sunflower oil converged in July 2016”. Whereas soybean oil and sunflower oil were on a sluggish trend due to abundant supply of feedstock, the price curves for rapeseed oil showed a slight upward trend. According to Agrarmarkt Informations-Gesellschaft mbH (AMI), oil mills […]

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