Soybean
Market News
Canada’s grain and oilseed exports totaled 748,000 tonnes in the week to Sunday December 29, a down by 566,000 tonnes, or 43%, from the 1,314,000 tonnes shipped in the previous week, according to data from the Canadian Grain Commission published on Friday January 3.
US processors crushed 210 million bushels of soybeans in November, the USDA’s Monthly Fats and Oils report released on Thursday January 2 showed.
Dry conditions are set to dominate the US Midwest in the week beginning Thursday January 2, raising concerns about winter wheat crops in this critical overwintering period.
Ukrainian exports of sunflower oil and sunflower meal declined during the week to January 1, while soybean and rapeseed exports increased, according to data released by Ukraine’s Ministry of Agrarian Policy on Thursday January 2.
China’s combined inventories of three major vegoils – soybean oil, palm oil and rapeseed oil – rose marginally in the week to Friday December 27, according to figures from the country's National Grain and Oils Information Center (CNGOIC)
Chinese crushers processed a total of 2.08 million tonnes of soybeans in the week to Friday December 27, an increase of 210,000 tonnes from the previous week’s 1.87 million tonnes, according to figures from the China National Grain and Oils Information Centre (CNGOIC).
Speculators in the US corn and soybean markets shed short positions in the week to Tuesday December 24, while bolstering short positions in the country’s three wheat contracts, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday December 30.
The USDA attaché in Brazil increased its estimate for the country's 2024/25 soybean crop to a record 165 million tonnes, up by 4 million tonnes from the previous estimate, with exports estimated at a record soybean 105 million tonnes in 2025, while increasing production estimates, a report showed late on Friday December 27.
Soybean
Corporate News
Agricultural commodities giant Bunge Ltd reported its third-quarter financial results on Wednesday October 30, reflecting lower earnings year over year in the context of a tight global margin environment.
Singapore-based Wilmar International posted its financial results for the first quarter on Monday April 29, with net profit at $302.9 million...
Wilmar International has confirmed one of its terminals was damaged in an "incident" and estimated that it will take up to six months to repair the facilities destroyed after a missile attack on the Ukrainian port of Pivdenny...
The Louis Dreyfus Company (LDC) reported a $60 million loss for 2023 amid the deconsolidation of its Russian business...
Singapore-based Asian agribusiness giant Wilmar International (Wilmar) saw an increase in its palm fresh fruit bunch (FFB) production in the second half of its 2023 financial year...
The agricultural giant Archer Daniels Midland (ADM) has seen its share prices tumble after it said it had placed its Chief Financial...
Brazil's grain and oilseeds producer SLC Agricola, one of the country´s largest agricultural companies, has cut its soybean...
China's average hog price dropped by 1.4% and 36.6% on the week and year last week, respectively...
Soybean
Policy News
The Ukrainian government has released the minimum export prices for a list of agricultural goods in an official document from the country’s Ministry of Agrarian Policy and Food seen by Fastmarkets on Monday November 11.
India is targeting to boost its domestic edible oil production to 25.45 million tonnes by 2030/31, following the approval of the National Mission on Edible Oils and Oilseeds (NMEO-Oilseeds), the government said in a statement issued in the late evening on Thursday October 3.
India’s government issued a flurry of changes to import duties, export prices, and stock levels in a late-night session that saw a raft of trade updates targeting vegetable oil imports, wheat stocks and both peas and rice, trade sources told Fastmarkets on Friday September 13.
Fastmarkets commits to publishing on a daily basis the bids, offers, indicative levels or other cash trading indications on any basis and geography that relates to any of the vital markets that have strong ties with Ukraine.
The Ukrainian government has adopted a minimum export price policy resolution, but the policy may only come into force a few months later, Taras Vysotsky, Ukraine’s acting agrarian policy and food minister said during a weekly Trend and Hedge club meeting late on Wednesday August 21.
With the war in Ukraine ongoing, the government has started to implement measures to bring more people into the army, with a new law implemented from May 18 that all enlisted men are obligated to renew their data in the defense ministry system...
Tang Renjian, the minister of China’s Ministry of Agriculture and Rural Affairs, has been put under investigation by the country’s anti-corruption watchdog...