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Shining Light on Farm & Food Policy for 20 Years.
Saturday, December 21, 2024
It's dry in Argentina, Paraguay and the southern states of Brazil, and market watchers are going to be paying close attention in the weeks and months to come as the South American soybean crops are harvested.
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.
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.