We are proud to be “Crushing” Iowa soybeans and all the relationships we have built with Iowa soybean producers. Jay Nelson Mitchell Hansen Dylan Bogenrief Dawson Fischer Chyann Milliren Josh Kruse Scott Frerichs Mark Nemechek
Concerns arise as soybean 🌱 crush continues to expand in the United States. With crush being driven by the oil side of the business, where will all the extra meal go? Several surprising export markets may be able to help. Partially funded by the soybean checkoff.
European feeds-Soymeal ups amid firmer CBOT on short covering Gdynia, July 22 (LSEG) - Soymeal on the European meals and feeds market rose on Monday following gains in CBOT soybean and soymeal futures on short covering. South American soybean meal was offered between $13 a tonne lower and $10.50 a tonne higher with CBOT futures, supported additionally by the uncertainty in the U.S. election that could renew trade war with China. Gains were limited by the favourable weather outlook for the U.S. soybean belt. EU rapemeal was offered between unchanged and five euros a tonne up, following firm Chicago soy complex.
Soybean basis FOB Paguá and CFR China dropped today. One reason is the worsening crush margin in China. Besides that, basis in the interior of Brazil is still strong, harming the origination margin. Brazil has no soybeans to maintain the current pace of the export program - crush margin for June was above $20/t and July above $15/t. #soybean #crushmargin
🌾 Daily Soybean price Insights: Stay ahead with today’s latest prices! 🚀 📈 Delivering the soybean market updates you need to help businesses (traders, processors, etc); 1. Take informed decisions 2. Negotiate better 3. Guide on the best location to source their commodity/ raw material 💼 Keep your finger on the pulse of the global market.#CommodityPrices #MarketUpdates #AgriBusiness #TradingInsights #soybeans
🌾 Daily Soybean price Insights: Stay ahead with today’s latest prices! 🚀 📈 Delivering the soybean market updates you need to help businesses (traders, processors, etc); 1. Take informed decisions 2. Negotiate better 3. Guide on the best location to source their commodity/ raw material 💼 Keep your finger on the pulse of the global market.#CommodityPrices #MarketUpdates #AgriBusiness #TradingInsights #soybeans
"Check out this groundbreaking post on the boomerang effect of raising soybean and its derivatives taxes. The increase to 33% on soy flour and oil will result in a loss of $400 million for producers and impact projected export revenues. Get the full scoop here: https://ift.tt/gyeIqAh"
Explore the latest analysis of the oilseed market, highlighting the crucial role the United States plays in global soybean production and exports. In this edition, we will examine the weather conditions in the US and South America, provide a global overview of vegetable oils, and discuss recent trends in soybean oil and meal prices in China, as well as crush margins. We will conclude with a review of the developments on the basis over recent weeks. https://lnkd.in/ehjE33A5
Last Friday Argie government published the elimination of export quotas for corn and wheat, which was somehow expected and already priced by that time. The WHEAT is still under pressure, with the Brazilians in need of better quality than they could harvest and probably also to re build their stocks after the devastating storm in RGDS. So covering from both Argentina and Russia. Also in line with the recent rally of the RUS market, we saw an increase of ant 20 use/mt FOB Upriver, offered at $280 vs buyers on the $260´s. The CORN seems to be moving at least in Argentina, hearing strong demand for Jun/Jly to Nth Africa (Algeria / Morocco) and to neighbors Perú and Chile. Brazil cash premiums firming up. The MEALS market is focused on June (although some sellers already finished their program for this month). Both the crush and the traders are covering June shorts with the farmer selling (not very big) of these days. There is still not much liquidity for the market to advance on July (the book in general looks quite open for this position). Premiums are firmer on the spot/June (around +20n) and stable on the JASO (+12/+16smn). Current ARGIE LINE UPS: SBM 2,2 M CORN 1,8 M SBNS 1,1 M SBO 490K BLY 270K WHT 201K SOR 150K
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The Brz soybean export program's pace remains strong, but the smeal program has lost momentum. Part of this setback was caused by floodings in RGDS, which led to the shutdown of two crushers in May (4,500 tons per day). Additionally, recent tax changes are another headwind for crushing in Brazil, but these numbers have not yet captured the effect. An increase in soybean exports is very likely.
Morning Wrap up: FX in the Spotlight by Eduardo Vanin The highlight in Brazil remains the FX. Yesterday, the exchange rate dropped more than 2%. Last night, the Ministry of Economy communicated to the market that the President ordered expense cuts of around 25 billion Reais...Besides the FX drop, soybean farmer selling was decent yesterday (650,000 tons, 65% old crop and 35% new crop). Soybean meal and oil premiums in Argentina continue to drop, pulling Brazilian premiums down together...Continue reading at https://lnkd.in/dx2uAESj
The Brz soybean export program's pace remains strong, but the smeal program has lost momentum. Part of this setback was caused by floodings in RGDS, which led to the shutdown of two crushers in May (4,500 tons per day). Additionally, recent tax changes are another headwind for crushing in Brazil, but these numbers have not yet captured the effect. An increase in soybean exports is very likely.
