The USDA’s most recent report, issued on April 11, expects 13 billion pounds of soybean oil to be utilized for biofuel production in 2023-‘24, consistent with earlier projections, with no alterations to the anticipated price of […]
Brazil’s Surging Soybean Exports to China Signal Market Shift
In the opening months of 2024, China’s soybean import landscape experienced a seismic shift, with imports from Brazil skyrocketing by over 200% compared to the previous year. Data from China’s General Administration of Customs (GACC), released […]
Brazil Experiences Double Soybean Exports to the United States
In 2023, Brazil reached a record-high soybean export of 3.74 billion bushels, a 29% increase from the previous year. This surge coincided with Brazil’s record-high level of production. The United States experienced a 14% decline in […]
Brazil And Argentina Retain Their Worldwide Soybean Market Share
Brazil and Argentina are expected to maintain their positions in the global soybean market this year. Although Brazil’s harvest is projected to slightly decrease from last year’s record crop, Argentina is forecasted to double its soybean […]
Brazil’s Soybean Harvest for 2023–2024 Is 11%, Up from 5% Last Year
Recent rainfall in northeastern and northern Brazil has increased soil moisture but also hindered the drying out and harvesting of soybeans. As of late last week, 11% of Brazil soybeans had been harvested, up from 5% […]
Brazil leads China’s imports of soybeans in 2023: Customs
China imported 69.95 million metric tonne of soybeans from Brazil in 2023, a 28.6% increase from 2022. In December, imports from the South American nation were 4.98 million mt. Even in months when imports of soybeans […]
Rabi Mustard Sowing Update
According to Department of Agriculture & Farmers Welfare, Rabi Mustard 2022-23 acres Scenario As of 12 th January 2024, All India acreage under rabi Mustard stood at 99,579 thousand Ha, up by 2.2% compared to 97,445 […]
US soybean prices fell following Brazil’s rains, and the high dollar
Chicago soybean futures fell 2% on Wednesday due to concerns about supply in Brazil, the country’s largest exporter, while foreign buyers lost interest in American agricultural products due to a strong increase in the value of […]
China restricts imports of soybeans
China is set to decrease its soybean imports, according to the December World Agricultural Supply and Demand Estimates. The decline is not surprising, as horse producers’ margins have been tight which is in line with the […]
Amidst crop insecurity in Brazil, Soy records its first weekly rise in 1-1/2months.
Soy futures in the US have seen their first weekly gain in a half-month due to concerns over Brazil’s crop. On Friday, U.S. soybean futures closed higher in the near-term contract and lower in the deferred […]
The ICE Futures canola market was slightly higher Despite A backdrop of mixed oil outlooks
Despite a backdrop of mixed oil outlooks, the ICE canola market at WINNIPEG, Manitoba-experienced a slight increase On Wednesday. Malaysian palm oil and Chicago soyoil decreased, while European rapeseed increased. Crude oil remained unchanged despite OPEC+ […]
Soybean prices Decline As favorable weather condition benefits Brazil
Brazil’s favorable rainfall caused the Chicago Board of Trade soybean futures to fall, causing concerns about hot, dry weather reducing output in northern and central Brazil. However, the region of concern has decreased, and traders expect […]
Increased Brazilian Soybean Volumes to China in the Dry Bulk Market for 2023
Brazil’s soybean exports to China in the dry bulk market for 2023 have surpassed those of other countries on a monthly basis, with China buying more soybeans from Brazil. However, the freight market sentiment is under […]
Brazil’s soybean Production is at its slowest rate since 2020
In the 2023-24 agricultural season, Brazil’s soybean planting has seen an 11% increase compared to the previous year, although it still lags behind the levels achieved during the previous season. Notably, 57% of the land was […]
China’s 2023 soybean Imports will reach a record 105 million metric tonne
The largest importer of soybeans in the world China is expected to continue importing at a high rate through the fourth quarter of 2023, setting a record for purchases. However, sales are expected to decline early […]
“Soybean Squeeze: India’s Crop Woes Cast Shadow on Agriculture
India’s soybean production for the ongoing Kharif season is expected to face a notable decline, dropping by approximately 4.3 percent to reach an estimated 11.8 million tonne, according to a recent report from the Soybean Processors […]
Soybean Sowing Progress Update
In the ongoing kharif 2023 cropping season, soyabean has been planted on about 12,540 thousand hectares as of September 8, showing positive movement over the same period last year’s 12,406 thousand hectares. Farmers have increased the […]
CBOT Soybean Price rises high as compared to Corn Preceding the 2024 season
The historical highs in Chicago soybean prices relative to corn ahead of the 2024 season are a reflection of evolving market dynamics, including strong global demand for soybeans and changing trade relationships. This shift suggests that […]
Soybean Sowing Update
The area under soybean was 12,415 thousand ha as per recent data released by the Department of Agriculture and Farmers Welfare, compared to 12,339 thousand ha a year ago. A surge in the area in Maharashtra, […]