Articles Tagged with ''USSEC''

When it comes to producing soyoil for the rapidly emerging renewable diesel market, the industry is adamant that it can expand without the kind of food-versus-fuel criticism from the general public that has plagued biofuels in the past.

China’s not yet buying new crop soybeans from the U.S. as fast it did at this time last year, but U.S. sales are still historically strong and increasing quickly in August.

There are still a lot of Brazilian soybeans filling up China's port stocks, and that’s expected to continue for at least another month. But the Chinese are not waiting to commit to buying up U.S. soybeans for delivery in the 2021-22 marketing year, according to analysts and USDA data.

There were high hopes after the phase one agreement was implemented last February that China would finally overhaul its opaque and sluggish approval process for new agricultural biotech traits, but that optimism has mostly turned to disappointment a year later.

The new year got off to a big start for U.S. soybean trade, with sales and shipments to China totaling nearly 2 million metric tons for just the first week in January, according to the latest trade data.

U.S. soybean export sales are unusually strong in January for both the current 2020-21 marketing year and the upcoming 2021-22 marketing year, boosted by China’s efforts to both feed its growing swine herd and replenish stocks.

U.S. soybean future prices are on the rise amid continued Chinese demand and concerns of tight global supplies, putting markets in a “rationing” mode, according to a Cargill executive.

It’s only December and still months away from U.S. farmers going into the fields to plant next year’s soybean crop, but the Chinese are already buying it.

Brazilian farmers planted more soybeans than ever this year, but it’s still unclear if the country will produce another record-breaking harvest in a drier-than-usual year with uncertain yields.

Roughly 30,000 metric tons of U.S. soybeans are set to arrive in the Paranagua port in southern Brazil Thursday, demonstrating just how much Brazil — the world’s largest soybean producing and exporting country — has over-exported its own large crop this year.