Category: Soybean News

Soybean News and Analysis from varies commodity news media, we summarize all Soybean news into a sitemap summary with link to related Soybean News for the one who wanted to catch up Soybean price change in timely manner.

Soybeans down for third session on LatAm rains; wheat, corn ease

Article contentSINGAPORE — Chicago soybean futures slid more than 1% on Wednesday to their lowest in a week as rains across South America lifted crop prospects, boosting expectations of higher world supply.Wheat and corn prices fell.FUNDAMENTALS* The Chicago Board of Trade (CBOT) most-active soybean contract fell 1.4% to $13.67-1/4 a bushel, as of 0120 GMT, having dropped to lowest since Jan. 12 at $13.65 a bushel earlier in...

Soybeans fall on South American rainfall

Article contentCHICAGO — Chicago soybean futures slid on Tuesday as rain across South America strengthened crop prospects and bolstered the global supply outlook, traders said.Corn followed soybeans lower, but was supported by strong export demand and possible export limits in Ukraine.Wheat futures hovered above even, bolstered by an export tax in top-producer Russia.The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 24-1/2 cents to $13.92-1/4...

Brazil Soy Harvesting off to Slow Start After Planting Delays

[uam_ad id="317182"]RIO DE JANEIRO, BRAZIL - Brazilian soy farmers, who started planting late because of dry weather in the final months of 2020, have harvested only 0.4% of the cultivated soybean area this season, agribusiness consultancy AgRural said on Monday, January 18th. Brazil had harvested 1.8% of the sown area at this time last year, AgRural's statement said, though the country sowed a record high of more than...

Oilmeals exports up by 133 per cent in December

Tightening global supply of soybean and the strike by oilseed workers unions in Argentina helped India record a growth in oilmeals exports during December 2020.The Solvent Extractors’ Association (SEA) of India, which has come out with the provisional export data of oilmeals for December 2020, said that export of oilmeals increased to 5,12,997 tonnes during December 2020 as against 2,20,404 tonnes in the corresponding period of 2019, recording...

China Imports Of Corn, Wheat Hit Record High Amid Soaring Food Prices

On the same day that China published a much stronger than expected (if largely laughable as we first noted and Michael Pettis subsequently confirmed) GDP print, making China the only major economy to grow in the "year of covid", China customs data showed that grains imports soared to record highs in 2020 after tight domestic corn supplies pushed prices to multi-year peaks, driving demand for cheaper imports.China, the...

Wheat extends gains to third session on Russian export tax

Article content continuedTraders sold 12.75 million tonnes of wheat, 10.52 million tonnes of corn and 3.89 million tonnes of barley, the data showed.The U.S. Department of Agriculture’s reduced forecasts for U.S. corn and soybean supplies on Tuesday sparked a rally that pushed soybeans to a 6-1/2-year high and corn to a 7-1/2-year high.At the same time strong demand, led by China continues to drive prices higher.China’s grains imports...

Wheat up for 3rd session on Russian export tax; soybeans, corn ease

Article content continued* At the same time strong demand, led by China continues to drive prices higher.* China’s grains imports soared to record highs in 2020, customs data showed on Monday, after tight domestic corn supplies pushed prices to multi-year peaks, driving demand for cheaper imports.* China, the world’s top agricultural market, bought a record 11.3 million tonnes of imported corn last year, including 2.25 million tonnes in...

China’s corn, wheat imports in 2020 reach record highs

Article contentBEIJING — China’s grains imports soared torecord highs in 2020, customs data showed on Monday, after tightdomestic corn supplies pushed prices to multi-year peaks,driving demand for cheaper imports.China, the world’s top agricultural market, bought a record11.3 million tonnes of imported corn last year, according toGeneral Administration of Customs data, exceeding the annualquota, which was set at 7.2 million tonnes, for the first time.It also imported a record...

Steep inflation and unemployment lead Brazilians to desperation

This week, the Brazilian Institute of Geography and Statistics (IBGE) announced the country’s official inflation rate for 2020. With an overall increase in prices of 4.52 percent, the rise was steeper than market expectations and official targets, largely pushed by a 14.09 percent jump in food costs. Indeed, what was the sharpest yearly increase in food prices since 2002 has taken a severe toll on Brazilians’ pockets. According...

Commentary: Here’s why Biden should end Trump’s trade war with China

SHANGHAI: When President-elect Joe Biden is inaugurated next week, he will quickly move to transform most dimensions of US policy.A glaring exception is China. But if Biden maintains outgoing President Donald Trump’s confrontational approach to the world’s second-largest economy, he will come to regret it. Advertisement Advertisement While Biden may be less overtly antagonistic toward China than Trump was, he has echoed many of his predecessor’s complaints about...

Chinese team to turn 6.7 mln hectares of saline-alkali land into paddies

Experts estimate the output of saline-alkali tolerant rice at a demonstration base in Hanting District of Weifang City, east China's Shandong Province, Oct. 16, 2020.(Xinhua/Guo Xulei) SANYA, Jan. 15 (Xinhua) -- The team of renowned agronomist Yuan Longping on Friday said they planned to plant saline-alkali soil rice to transform 6.7 million hectares of saline-alkali land in China over the next eight to 10 years. The team led...

Brazil soy firms commit to zero deforestation from 2020

Article contentSAO PAULO — Brazilian soy traders CJ Selecta, Caramuru and Imcopa have committed to zero deforestation in their respective supply chains, adding pressure on larger traders to accelerate environmental commitments.Their pledge involves a ban on trading soy grown on land deforested after August 2020 in all of Brazil, going beyond a previous agreements among traders that only applied to the Amazon rainforest.Patricia Sugui, CJ Selecta’s sustainability manager,...
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