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News: soybean

China to increase corn, soybean yields with GM seeds

China has approved 37 genetically modified (GM) corn varieties and 14 GM soybean varieties, allowing its farmers to grow corn with higher yields to...

Brazil sees another record year for soybeans in 2023/24

Brazil is set for another record soybean harvest in 2023/24, with the USDA raising its output forecast to 162mt from 159mt. This year's successful...

BKP signs on to Ussec’s sustainable sourcing program

Bangkok Produce Merchandising (BKP) has signed an MoU with the Ussec to advance sustainable sourcing of food and feed ingredients in Thailand and globally. This...

Raw material prices in India creeping up again

India is bracing for another season of higher-than-average raw material prices after seeing some relief earlier this year.  S S Pattabhirama, Group Nutritionist at Nandu’s,...

BKP, Ussec partner for sustainable ingredients sourcing

Bangkok Produce Merchandising (BKP) has signed an MoU with the US Soybean Export Council (Ussec) to advance sustainable sourcing of food and feed ingredients...

China imports more soybeans to buffer stocks

China will import a record 101mt of soybeans in MY 2022/23 as high rainfall and typhoons affected key production areas in the country. But...

Brazil takes top spot in corn and soybean exports

Brazil will reign as the top exporter of corn and soybean to the world in 2022/23. A report by the Brazilian National Supply Company...

Argentina’s soybean harvest drops with drought

Weather changes in recent years have caused volatility in grain production in South America, according to Mac Marshall, VP of Market Intelligence at the...

Major commodities see drop in export prices: charts to watch

Soybean, corn, and wheat saw drops in global prices with improving weather conditions and more grains coming in from the Black Sea despite volatility,...

Indonesia looks at South Africa for cattle, soybean

The Indonesian government is exploring potential imports of 50,000 heads of cattle and 300,000 tons of soybean from South Africa to meet demand for...

China hikes soybean purchases on higher demand

China is seeing a rebound in soybean imports as demand for sbm and oil returns. The USDA estimates imports to reach 98mt in 2022/23...

USDA lowers soybean acreage forecast

The USDA lowered its forecast for soybean acreage in its June Acreage Report to 83.5 million acres from 87.5 million in its March Planting...

Vietnam seeks other sources as US soybean supply shrinks

Feed producers are worried soybean prices will increase as plantation area in the US this year is much lower than expected. According to the...

PNW remains important for Asian buyer

Good infrastructure in the Pacific Northwest (PNW) will boost soybean and soybean meal exports. “We have both bulk and container shipping from the PNW...

Demand from China pushes PNW special

Over the past 20 years, as China increased demand for whole soybeans, it created quite a pull from the Upper Midwest. Seth Naeve, Associate...

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