Soybean
Market News
Sales of Argentine new crop soybean and corn rose in the week to February 26, while corresponding sales of the old crop decreased, according to data released by Argentina’s agriculture secretariat on Wednesday March 5. As for wheat, weekly new crop sales fell, while old crop sales increased.
Ukraine's monthly exports of sunflower oil and sunflower meal fell to the lowest level since the beginning of the 2024/25 season in February, due to the shutdown of several plants caused by negative processing margins, while exports of soybean and soybean meal rose, according to customs statistics.
China has set an annual target for grain output at 700 million tonnes for 2025, similar to the level achieved in 2024, according to the Government Work report released following the Chinese People's Political Consultative Conference (CPPCC) on Wednesday March 5.
Sentiment among US farmers improved in February, with agricultural producers becoming more optimistic about conditions on their farms, according to the Purdue University/CME Group Ag Economy Barometer survey released on Tuesday March 4.
Mexico announced plans to retaliate against the United States' recent imposition of 25% tariffs on Mexican exports with both tariff and non-tariff measures during the daily presidential morning press conference on Tuesday March 4.
The EU imported a total of 43,740 tonnes of soybeans in the week ended Sunday March 2, bringing the total imports for the marketing year to 9.01 million tonnes, a 9% increase compared with the previous year, according to preliminary data from the European Commission.
The imposition of 25% tariffs on Tuesday March 4 on a wide array of Canadian products, including canola seed, oil and meal, will have a devastating and widespread impact on the Canadian canola industry, according to the Canola Council of Canada (CCC) and the Canadian Canola Growers Association (CCGA).
China has suspended the soybean import qualifications of three US exporters, citing phytosanitary issues, according to a notice issued by the General Administration of Customs (GACC) on Tuesday March 4.
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 imposition of 25% tariffs on Tuesday March 4 on a wide array of Canadian products, including canola seed, oil and meal, will have a devastating and widespread impact on the Canadian canola industry, according to the Canola Council of Canada (CCC) and the Canadian Canola Growers Association (CCGA).
China has suspended the soybean import qualifications of three US exporters, citing phytosanitary issues, according to a notice issued by the General Administration of Customs (GACC) on Tuesday March 4.
China has announced additional tariffs of up to 15% on imports of US goods from March 10 with the new measures covering largely agricultural products, alongside restricted exports to 15 US companies, according to a notice posted by the country’s Ministry of Finance and Ministry of Commerce on Tuesday March 4.
Newly appointment US Secretary of Agriculture Brooke Rollins said that reducing the country’s $45.5 billion agriculture trade deficit would be a major focus during her tenure, in remarks to the US Department of Agriculture’s Annual Agricultural Outlook Forum on Friday February 28.
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.
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