Articles By Leticia Pakulski
Soyoil export prices in South America have risen at a faster pace than the those in India, the main importer, since the beginning of February, and the spread between FOB and CFR prices reached $38.75 per tonne on February 11 — the lowest level since November 7, 2023, according to Fastmarkets data.
Brazil’s National Energy Policy Council (CNPE) halted the increase of the country’s biodiesel mandate, the biodiesel blend in diesel required by law, to 15% (B15) effective on March 1, the council said on Tuesday February 18.
US President Donald Trump has signaled the intention to apply reciprocal tariffs to countries that charge US imports, targeting Brazilian ethanol among other products and countries.
The Brazilian Association of Vegetable Oil Industries (Abiove) maintained its forecasts for Brazil’s soybean production in the 2024/25 crop year and exports in 2025, but its crushing estimates increased, Abiove’s monthly report showed on Wednesday February 12.
Rains in Argentina during the week to Friday February 7 brought relief to soybean crops suffering from dry and hot weather. Meanwhile, in Brazil’s Rio Grande do Sul state, which has been facing the same weather conditions and where rains were not as intense, part of the crop already shows a “large reduction” of yield potential, according to local reports.
Net sales of US soybeans in the 2024/25 marketing year fell to 387,700 tonnes during the week to January 30, down by 12% from 438,002 tonnes a week earlier and at the lower end of market estimates, US Department of Agriculture data showed on Thursday February 6.
A cargo of soymeal bound for export from Louis Dreyfus Company (LDC) was returned for reprocessing to the company’s plant in Ponta Grossa, in the southern Brazilian state of Paraná, where it was originally processed, the company said in a statement sent to Fastmarkets on Thursday January 30.
Sand has been detected in 51 soymeal truck cargoes during an inspection in the sorting yard of the Port of Paranaguá, in the southern Brazilian state of Paraná, according to a statement from the state’s port authority Portos do Paraná sent to Fastmarkets on Tuesday January 28.
Brazil's soybean harvest reached 3.2% of the projected area of 47.4 million hectares in the week ended Sunday January 26, while the sowing of the second corn crop, safrinha, continued to advance slowly, national food agency Conab showed in its weekly crop progress report published late on Monday January 27.
Brazilian grain exporters’ association Anec cut its estimate for Brazilian corn, soybean and wheat exports in January but raised its projection for soymeal in its weekly report published on Tuesday January 28.
The Argentine government announced temporary cuts to export taxes, known as retenciones, for soybeans, soymeal, soyoil, sunflower, wheat, corn, sorghum and barley late on Thursday January 23.
The Brazilian Association of Vegetable Oil Industries (Abiove) increased by 1.8% its forecast for Brazil’s soybean production in the 2024/25 crop year to 171.7 million tonnes, with consequent increments in its exports and crushing estimates for 2025, Abiove’s monthly report showed on Tuesday January 21.
Brazil faces local and international policy changes that could reshape the availability of domestic feedstock for the country's biodiesel sector and potentially further reduce soybean oil exports, leading to significant price adjustments as early as the first half of 2025, sources told Fastmarkets.
India has bought more than 80,000 tonnes of soyoil from South America and the United States in the last days of 2024 amid a drop in soyoil prices that widened the gap with competing oils in India, sources told Fastmarkets.
Brazilian grain exporters association Anec cut its estimates for December soymeal exports but raised its projection for corn, soybeans and wheat shipments in its weekly report published on Tuesday December 26.
Brazilian corn exports amounted to 3.32 million tonnes in the first three weeks of December, while 1.35 million tonnes of soybean were shipped in the same period, customs weekly data showed on Monday December 23.
Brazil’s National Energy Policy Council (CNPE) approved a resolution on Tuesday December 10, which establishes minimum targets for the use of waste oils and fats, such as tallow and used cooking oil (UCO), in the production of biodiesel, sustainable aviation fuel (SAF) and green diesel.
The EU and Mercosur — the trade bloc that includes Argentina, Brazil, Paraguay and Uruguay — announced on Friday December 6 the end of negotiations for the free-trade agreement between the blocs, but questions linger about the potential impacts on trade flows of agricultural products.
Net sales of US soyoil fell to 19,500 tonnes in the week ended November 28, down by 84% week on week, but shipments surged after recent strong US sales, the USDA reported on Friday November 29.