Soybean Market News

The USDA has revised its forecast for US soybean ending stocks in the 2024/25 marketing year upwards by 10 million bushels, reaching 455 million bushels. This increase is attributed to a downward revision of the soybean crush forecast for the current 2023/24 marketing year, reflecting lower domestic demand

A landmark shipment of 50,000 metric tons of "zero-deforestation" soybeans has arrived in China from Brazil, marking a significant step in efforts to combat deforestation linked to agricultural commodity production, according to a report by Dialogue Earth. The soybeans, intended to be produced without any deforestation or

A study published on Thursday by the CME Group suggests that soybean oil prices may be acting as a leading indicator for crude oil prices. This intriguing relationship could hold valuable implications for understanding the future trajectory of both markets. The CME Group's analysis highlights several instances over

The European spring crop outlook is marked by contrasting conditions, with significant delays in planting across western and northern Europe, while favorable weather has allowed for a smooth sowing campaign in central and eastern regions, according to the latest report from the European Commission's MARS Bulletin. Spring Barley:

The European crop outlook remains positive overall, with yield forecasts at the EU level still above the five-year average, according to the latest report from the European Commission's Monitoring Agricultural Resources and the Environment (MARS) Bulletin. However, recent weather patterns have brought both favorable and challenging conditions, impacting

Chinese importers have resumed purchasing US soybeans after a lull in activity, as rising prices for Brazilian soybeans make US supplies more attractive, according to a report by Reuters, citing European and US grain traders. The exact volume of the recent purchases remains unclear, but traders estimate that at least

The Biden administration has expanded the eligibility for sustainable aviation fuel (SAF) tax credits to include corn- and soy-based biofuels, as reported by the Wall Street Journal. The new guidelines released by the Treasury Department last week aim at incentivizing the production and use of SAF, which is crucial for

Argentina's soybean harvest is progressing, but concerns remain about potential yield losses due to adverse weather conditions, according to the latest report from the Buenos Aires Grains Exchange. Meanwhile, the exchange has revised its corn production forecast downward, reflecting the impact of drought and heat stress on late-planted

Torrential rainfall in Brazil's Rio Grande do Sul state is causing significant disruptions to the final stages of the soybean and corn harvest, as reported by Reuters. The state, which is Brazil's second-largest soybean producer and sixth-largest corn producer, has experienced heavy downpours leading to flooding