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Soybean

US Corn and Soybean Exports Continue Downward Trend

US corn and soybean exports continued their downward trajectory in the week ending June 20, 2024, according to the latest export sales report from the US Department of Agriculture (USDA). This trend contrasts with a significant increase in US wheat sales, highlighting a mixed outlook for the US grain market.

US Corn Acreage Shrinks, While Soybean and Cotton Planting Sees an Uptick

The US corn acreage is projected to decrease for the 2024 growing season, while soybean and cotton acreage are expected to increase, according to the latest Acreage report released by the USDA's National Agricultural Statistics Service (NASS). The report, based on surveys conducted during the first two weeks

Argentine Soybean Sales Slump Despite Bumper Harvest

Despite a near-record soybean harvest in Argentina, domestic sales have slumped in June, according to a new report from the Rosario Grain Exchange (Bolsa de Comercio de Rosario). The report reveals that daily soybean trade volume in the local market averaged 87,300 tons so far in June, a significant

US Soybean Ending Stocks Projected Higher for 2024/25 as Crush Declines

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

China Imports "Zero-Deforestation" Soybeans from Brazil, Signaling Shift in Global Commodity Market

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

Soybean Oil: A Leading Indicator for Crude Oil Prices?

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

Wet Conditions Delay Spring Crops Across Western Europe

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:

European Crop Outlook Mixed as Weather Conditions Bring Contrasts

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

China Returns to US Soybean Market Amidst Rising Brazilian Prices

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

Global Soybean Production Set to Hit Record High, Driven by Brazil and US Expansion

Global soybean production is projected to reach an all-time high in the 2024/25 marketing year, fueled by significant area expansion in Brazil and increased plantings in the United States, according to a report published by the USDA's Foreign Agricultural Service (FAS). The FAS forecasts global soybean production
Global Soybean Production Set to Hit Record High, Driven by Brazil and US Expansion