Tag: soybeans

Oilseed forecasts for 2018/2019 could top last year’s production

Oilseed forecasts for 2018/2019 could top last year’s production

March 11, 2018 |

In Germany, UFOP reports that according to the EU Commission’s first forecasts, the 2018/19 oilseed output in the EU-28 could top last year’s production. The rapeseed crop in particular is estimated higher. In its latest monthly report, the EU Commission pegged the 2018 EU-28 oilseed harvest at 35.5 million tonnes. Consequently, production of rapeseed, sunflower […]

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Stricter 2018 Chinese rules could hurt U.S. soybean exports

Stricter 2018 Chinese rules could hurt U.S. soybean exports

December 31, 2017 |

In Illinois, half of U.S. soybeans exported to China this year would not meet Chinese rules for routine delivery in 2018, according to shipping data reviewed by Reuters. As of January 1st, more stringent quality rules by China could require additional processing of U.S. oilseeds at Chinese ports to remove impurities, leading to increased costs […]

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USDA predicts soybean output to decline over last year

USDA predicts soybean output to decline over last year

July 22, 2017 |

In Germany, UFOP reports that despite its downward estimate of global production, the USDA continues to take an optimistic outlook on 2017/18 global soybean output. The agricultural department expects world production to decline by 7 million tons to 345 million tons. The reason is a decline in Brazilian production, Agrarmarkt Informationsgesellschaft (AMI) reports. The USDA […]

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Ample supply weighs on soybean prices: report

Ample supply weighs on soybean prices: report

March 19, 2017 |

In Germany, UFOP reports that a  bumper crop in South America has led to a strong increase in already ample global supply. Whereas consumption was only slightly up, supplies have grown significantly, putting downward pressure on soybean prices. In its March forecast, USDA raised its outlook for global soybean production in 2016/17 further. World output […]

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Soybean prices rise on US harvest, Argentina rain concerns 

Soybean prices rise on US harvest, Argentina rain concerns 

January 29, 2017 |

In Germany, UFOP reports that an “unexpected lowering of the harvest forecast for US soy and continued concerns about rain damage in Argentina has caused the balance between supply and demand to narrow.” According to the most recent 2016/17 USDA report, world soybean production is set to grow further, rising by just under 6 per […]

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Sharp rise in oilseed prices: Report

Sharp rise in oilseed prices: Report

December 10, 2016 |

In Germany, UFOP reports that firm prices for soybeans, palm oil and crude oil have sent prices for rapeseed on a sharp climb over the past few days. At the futures exchange in Paris on 6 December 2016, the nearby closed at EUR 412.50 per tonne, the highest level since April 2014. Consequently, rapeseed increased in value […]

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USDA raises already-record soybean crop forecast

USDA raises already-record soybean crop forecast

November 20, 2016 |

In Washington, the US soybean harvest is coming to a close. Nevertheless, the USDA sprang a surprise with its latest harvest estimate. However, the price effect was fleeting. The 2016 US soybean crop was forecast higher than expected. The previous month’s forecast was raised 2.5 million tonnes to 118.8 million tonnes, outpacing the previous year’s figure by […]

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Paris quotes for rapeseed withstand soybean weakness, says UFOP

Paris quotes for rapeseed withstand soybean weakness, says UFOP

July 31, 2016 |

In Germany, UFOP reports that positive crop prospects in the US have put “massive downward pressure on soybean prices”. This has hardly had any impact on rapeseed in Paris to date. Neither are there any signs of decline in harvest. An anticipated drop in supply in the EU in 2016/17 and slow harvest progress sent […]

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Evogene announces positive results of research with Monsanto on corn and soybeans

Evogene announces positive results of research with Monsanto on corn and soybeans

February 23, 2016 |

In Israel, Evogene announced positive results from the testing of a set of the company’s discovered genes in corn and soybeans conducted this past season by its key collaborator, Monsanto. These are the first results for genes discovered and tested pursuant to a ‘Trait-First’ methodology implemented in the frame of the parties’ on-going, multi-year collaboration […]

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Euro soybean prices are tumbling, says UFOP

Euro soybean prices are tumbling, says UFOP

November 29, 2015 |

In Germany, UFOP advises The Digest that prices of soybean meal have dwindled considerably, noting that “nearby material is currently down almost one fifth from the July 2015 figure. Downward pressure on prices came, first and foremost, from weak US reference prices for soybean meal and sluggish demand.” UFOP adds that Chicago prices for soybean […]

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