Soybean
Market News
Investors in the US agricultural sector slashed short positions in all major markets, reducing their net short positions in the week to Tuesday April 23, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday April 26.
Argentina is on track to regain its position as the largest soymeal exporter in 2023-2024, with its soybean crop — which has nearly doubled in size — starting to be harvested, but the country faces increasing competition from Brazil and the US for global market share, Fastmarkets understands.
Fastmarkets' weekly recap of the main movements in global cash markets for April 22-26.
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The soybean harvest in Argentina’s core agricultural zone is the most overdue in the past 8 years, while the wheat sowed area could fall by 5% from the previous crop year...
The European Commission’s forecast for usable production of rapeseed was revised slightly downward to 19.41 million tonnes in 2024-2025...
China’s weekly soyoil stocks as of Friday April 19 were down by 10,000 tonnes from the previous week to 760,000 tonnes...
The soybean harvest in the Brazilian state of Rio Grande do Sul has advanced to 66% of the sown area in the week to Thursday April 25, but corn farmers expressed concerns over the next crop total size, state agency Emater/RS reported.
Soybean
Corporate News
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...
China’s weekly soybean crush level dropped by almost 4% from the previous week to 1.7 million mt last week as many crushers continued to suspend operations due to a lack of soybeans...
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,...
At least a dozen cargoes of US soybeans were estimated to have been bought by the firm last week...