U.S. soybean harvest threatened by August weather outlook

Reuters – Soybeans in key growing areas of the U.S. Midwest will likely face more hot and dry conditions during August, a critical growing month, that could threaten harvest yields, according to weather forecasts. The world needs a big U.S. crop to replenish global stockpiles that have been pegged at a six-year low. Russia’s invasion[...]

China’s soy imports up 25 per cent year over year

Reuters – China imported 10.27 million tonnes of soybeans in June, up 24.5 per cent from a year earlier, July 12 customs data showed, as large purchases of cheap Brazilian beans reached the market. The imports by the world’s top soybean buyer were significantly lower than the record 12.02 million tons in May, when delayed[...]



U.S. farmers celebrate soy price surge as Brazil misses out

U.S. farmers sold freshly harvested soybeans directly off their combines for a profit as prices rose to a four-year high this autumn, a welcome change from the losses suffered during the U.S.-China trade war. Strong exports to China as the world’s top soybean importer emerged from lockdown helped push the most active soybean futures contract at the Chicago Board of[...]


U.S. farmers look for premium on remaining 2021 crop

Reuters – American grain buyers will have to boost prices to pry farmers’ corn and soybeans from their bins as growers are already flush with cash and can afford to wait and see if the market rallies. “I assume we are going to have to bid up throughout the summer,” a grain dealer in Ohio[...]

Global crop production picture improves

Big U.S. harvests, near-perfect weather for planting in Brazil and signs of slowing purchases by top buyer China are bolstering supplies of two of the top globally traded commodities: soy and corn. The rising stocks indicate that prices for those key crops, as well as for other staples such as sugar and coffee, may have[...]



World soybean stocks to swell

Global soybean supplies will be bigger than previously forecast due to increased harvest expectations in Brazil and Argentina, the U.S. government said March 10. World soybean ending stocks for the 2019-20 marketing year were pegged at 102.44 million tonnes, according to the U.S. Agriculture Department’s World Agricultural Supply and Demand Estimates report. That compares with[...]



Big U.S. farms get even bigger amid China trade war

As the 2018 harvest approached, North Dakota farmer Mike Appert had a problem — too many soybeans and nowhere to put them. Selling was a bad option. Prices were near decade lows as U.S. President Donald Trump’s trade war with China weighed heavily on the market. Temporary storage would only buy him a little bit of[...]