Soybean
Market News
The soybean harvest in the Brazilian state of Rio Grande do Sul advanced 10 percentage points in the week to Thursday May 2, to 76% of the sown area, despite strong rains, according to state agency Emater/RS.
Russian spring grain and oilseeds planting progressed by almost 10 percentage points during the week ending Thursday May 2, according to data from the agriculture ministry.
Sales of Argentine new crop soybean and corn rose while sales for the old crop dropped in the week to April 24; meanwhile, wheat increased in both market years, according to data released by the country’s agriculture secretariat on Thursday May 2.
Argentina's growers have completed sunflower planting, while current corn and soybean harvest indications are prompting concerns, the Buenos Aires Grains Exchange (BAGE) said in its weekly crop report update on Thursday May 2.
In the US, rain in the western Corn Belt was slowing fieldwork, but has improved drought conditions for crops.
The US Department of Agriculture's attaché in Argentina kept its 2023/24 soybean output estimate unchanged at 49.5 million tonnes while projecting a 51 million tonnes production in 2024/25.
The United Nations Food and Agriculture Organization (FAO) has raised its wheat and corn production estimates for the 2023/24 marketing year in the May agricultural market information system (AMIS) report.
According to Ukraine’s Ministry of Agriculture, sowing of spring grains in the country during the week ending Thursday May 2 showed a significant week-on-week increase of 15.3 percentage points.
Soybean
Corporate News
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...
China plans to purchase 10,000 mt of frozen pork for state reserves, the third batch of such buying this year, in response to declining hog prices...
Soybean
Policy News
China has vowed to boost its grain output by more than 100 billion catties (50 million tonnes) by 2030 in a new action plan issued by the country’s state council on Tuesday April 9, with a focus on increasing corn and soybean production.
China’s agriculture ministry issued new guidelines Monday aimed at better adjusting hog production capacity, including lowering...
A second US administration of Donald Trump is the ‘most likely single outcome’ of the upcoming US election, delegates at an...
The European Commission has proposed to extend the duty and quota-free import of agricultural products from Ukraine and Moldova for another year...
The proportion of soybean meal China uses in feed formula has dropped by 1.5 percentage points from 2022 to 13% currently...
China will strive to maintain its soybean area above 150 million mu (24.7 million acre) and oil crop area above 200 million mu this year...
Ukrainian exports of oilseeds and their products fell in the post-holiday week to January 3, while exports of rapeseed increased,...