Latest news with #soybean
Yahoo
3 hours ago
- Business
- Yahoo
Soybean Complex Posts Some New Highs, But Closes Lower on Friday
The soybean market settled 5 ¼ to 7 ½ lower on Friday, after hitting the highest front month prices since mid-May early in the session. The cmdtyView national average Cash Bean price is down 5 3/4 cents at $10.20 3/4. Soymeal futures settled 20 to 90 cents lower, giving up modest midday gains in favor of holding cash over the weekend. Soy Oil saw nearby July hit the highest price for the contract since 2023 this morning, but futures closed 30 to 37 points lower. July options expired in all three commodities. The weather outlook for next week has some heavy rains from NE, the southeast corner or SD, MN, WI and parts of MI totaling from 1 to up to 5 inches in some parts. The Southern Plains, through MO and the Eastern Corn Belt is looking at smaller totals. Coverage will not be uniform, however, with Omaha as an example looking at 20-40% odds on any given day. Unseasonable heat is expected to prevail over much of the Corn Belt, with the 5-10 day looking for 7-15˚F above average in the ECB. Daytime highs above 100 degrees F are seen this weekend in the Plains and WCB but will moderate by early next week. Drought Conditions Are Setting In. How Much Higher Can Wheat Prices Go? Coffee Prices Sharply Lower as Global Supply Concerns Ease Cocoa Prices Plunge as Beneficial Rain in West Africa Boosts Crop Conditions Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. This morning's Export Sales report tallied soybean sales for 202/25 exceeding the 0 and 400,000 MT trade expectations, for old crop soybeans the week of 6/12 at 539,511 MT. That was a 14-week high and 8.3% above the same week in 2024. New crop sales were at 75,151 MT, in the middle of the 0 to 200,000 MT estimates and the highest in 5 weeks. Soybean meal sales for last week totaled 174,302 MT, with just 160,281 MT for the current marketing year and on the low side of the trade ideas at 150,000 to 450,000 MT. Soybean oil sales were a net negative 1,473 MT on deferrals and cancellations, weaker than trade estimates of 0 to 32,000 MT for bean oil. Chinese soybean imports in May totaled 12.11 MMT from Brazil, well above last year according to the country's customs data. Imports originating from the US were 11.7% higher yr/yr to 1.63 MMT. Jul 25 Soybeans closed at $10.68, down 6 3/4 cents, Nearby Cash was $10.20 3/4, down 5 3/4 cents, Aug 25 Soybeans closed at $10.71 1/2, down 5 1/4 cents, Nov 25 Soybeans closed at $10.60 3/4, down 7 1/2 cents, New Crop Cash was $10.07 1/4, down 7 1/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
5 days ago
- Business
- Zawya
Beijing pushes rapid introduction of new soybean, corn, and wheat varieties
China will accelerate the introduction of high-oil, high-yield soybean, dense-tolerant and disease-resistant corn, and disease-resistant wheat varieties, the agriculture ministry said. The move is part of a broader effort to fast-track new crop development and strengthen food security, it said. The ministry also plans to optimize variety trial protocols, including gradually increasing planting densities for crop variety trials of corn and soybeans, it said in a statement. (Reporting by Ella Cao and Lewis Jackson; Editing by Jan Harvey)
Bloomberg
5 days ago
- Business
- Bloomberg
China Approval for Bunge's Viterra Deal Comes With Crop Demands
China has confirmed its approval of Bunge Global SA's takeover of rival Viterra, but on Monday outlined several conditions, including the continued supply of key crops to the Asian nation at a 'fair' price. The green light from Beijing, announced by Bunge late last week, was the last major hurdle to the conclusion of the $8.2 billion deal. Still, a statement from the country's State Administration for Market Regulation outlined the large share of soybean, barley and rapeseed trade with one of the world's top buyers that the combined company will control, which risks limiting competition.
Reuters
12-06-2025
- Business
- Reuters
ADM sets off 'frenzy' in US soybean market ahead of new biofuel blend rule
CHICAGO, June 12 (Reuters) - Archer-Daniels-Midland (ADM.N), opens new tab, a major U.S. soybean crusher and biofuel producer, slashed its bids to buy the oilseed this week ahead of an expected Trump administration announcement on biofuel blending requirements, a primary driver of demand for soybean oil. Processors such as Chicago-based ADM have been waiting for the U.S. Environmental Protection Agency's decision on blending requirements for months as they grapple with slumping crush margins and abundant soybean stocks. Reuters reported on Thursday that the EPA is expected to propose blending requirements below industry recommendations on Friday, leading to lower-than-expected demand for soyoil to be used in biofuels. ADM said in an emailed statement to Reuters on Thursday that it does not have insight around the pending blending announcement beyond publicly available information and that it independently sets its basis bids, which is the difference between futures and a local cash price to take possession of the grain immediately. The company on Wednesday rolled its cash basis bid at its flagship Decatur, Illinois, facility to 20 cents below the Chicago Board of Trade November soybean futures price from 22 cents over July futures . The roll to November futures, which closed at a 15-cent discount to July on Thursday, lowered the local cash price by about 60 cents a bushel, representing an unusually sharp 6.5% drop in the price offered to farmers. ADM also rolled basis bids at its other crushing facilities, and some rival processors, including Cargill, followed ADM on Thursday. Other processors kept their basis bids against the July futures contract, but lowered basis values by up to 15 cents. "ADM Decatur put the bean market in a frenzy," agriculture trading company John Stewart and Associates said in a note. Falling basis values reflect expectations for a large autumn harvest and weak demand that has eroded processing margins for companies that crush beans into soymeal livestock feed and soyoil used for cooking and producing biofuels. Crush margins have struggled as a recent jump in U.S. processing capacity has swelled available supplies of meal and oil and pressured prices for the soy products. Tariff worries and unclear U.S. biofuels policies have stoked further unease among crushers and biofuel makers, and some biodiesel producers have scaled back or idled plants. ADM said in April it would permanently close a South Carolina soybean processing plant to cut costs. "Cash crush margins stink, and there is a bunch of downtime scheduled for July," said Charlie Sernatinger, executive vice president for Marex Capital Markets. Diana Klemme, vice president of Grain Service Corp in Atlanta, which serves agricultural hedgers in the futures markets, sent an alert to customers after seeing ADM's bid adjustments. She said that she had never seen a move to new-crop basis levels in June in more than 50 years in the grain business. "I said check your markets carefully because ADM just dropped all their bids 40-75 cents a bushel and went to new-crop values," Klemme said. The November futures contract represents the autumn harvest price, or the new crop. Farmers have been reluctant to sell crops to processors because they want higher prices, while processors avoided raising bids to protect their thin margins.
Yahoo
09-06-2025
- Business
- Yahoo
Vietnam Soybean Import Report 2025-2034: Major Players in Vietnam's Soybean Market: A Growing Opportunity for Traders
Global soybean demand is soaring, driven by Vietnam's expanding animal husbandry and aquaculture sectors. Major producers like the U.S., Brazil, and Argentina account for over 80% of production. Vietnam's imports, predominantly from the U.S. and Brazil, rose to $1.163 billion in 2024, fueling market growth. Vietnamese Soybean Import Research Market Dublin, June 09, 2025 (GLOBE NEWSWIRE) -- The "Vietnam Soybean Import Research Report 2025-2034" has been added to offering. Soybean, a vital legume crop, plays a significant role globally across food, feed, and industrial sectors. It can be classified into edible, feed, oil, and seed soybeans. In Asian countries, edible soybeans form the core of tofu, soy milk, and bean sprout production. Feed soybeans are crucial for the livestock and aquaculture industries due to their protein content, while oil soybeans are primarily used for extracting soybean oil. The global soybean production landscape is dominated by Brazil, the United States, Argentina, and China, contributing over 80% of the world's output. These nations are not just leaders in production but are also pivotal in international soybean trade. Brazil tops the chart with extensive cultivation on the Brazilian plateau. The United States follows as the second-largest producer, with major farming activities centered in the Midwest and Great Lakes regions. In Vietnam, the escalating demand for soybeans is fueled by the expansion of its animal husbandry and aquaculture sectors. Over the past decade, these sectors have shown remarkable growth, amplifying the need for high-quality animal feed like soybeans. However, Vietnam's domestic production, largely in the northern region, falls short of meeting this escalating demand, necessitating substantial imports. In 2024, soybean imports hit $1.163 billion, marking a year-on-year increase of 3.2%. This upward trend is anticipated to continue as Vietnam's animal-related industries thrive. Vietnam's primary sources of imported soybeans include Brazil, the United States, and Canada. The United States leads, contributing approximately 31% of Vietnam's imports, with Brazil closely behind at 30%. Between 2021 and 2024, the key import countries were the United States, Brazil, and Singapore, with both global trading giants and local Vietnamese firms as principal importers. The dependence on imports is attributed to Vietnam's limited soybean production capacity against a backdrop of rising domestic demands. Economists predict that as Vietnam's economy and living standards advance, so too will its soybean import volumes. For global grain trading enterprises, the Vietnamese market presents a promising opportunity. Comprehensive market research is advised for those considering entry, ensuring a robust strategy to tap into Vietnam's burgeoning soybean sector. Topics covered: Vietnam's Soybean Import and Export Trends (2021-2024) Soybean Import Volume and Percentage Changes (2021-2024) Soybean Import Value Trends in Vietnam (2021-2024) Insights into Vietnamese Soybean Market: Top Import Sources and Suppliers Strategies for Entering the Vietnamese Soybean Market Forecasting Vietnam's Soybean Import Trajectory (2025-2034) Companies Featured The Delong Co Inc Enerfo Pte Ltd Dynamic Marine Ltd Bunge Vietnam Vietnam Agribusiness Ltd Dabaco Group Key Attributes: Report Attribute Details No. of Pages 80 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $1.22 Billion Forecasted Market Value (USD) by 2034 $1.89 Billion Compound Annual Growth Rate 5.0% Regions Covered Vietnam Key Topics Covered: 1 Overview of Vietnam1.1 Geography of Vietnam1.2 Economic Condition of Vietnam1.3 Demographics of Vietnam1.4 Domestic Market of Vietnam1.5 Recommendations for Foreign Enterprises Entering the Vietnam Soybean Imports Market2 Analysis of Soybean Imports in Vietnam (2021-2024)2.1 Import Scale of Soybean in Vietnam2.2 Major Sources of Soybean Imports in Vietnam3 Analysis of Major Sources of Soybean Imports in Vietnam (2021-2024)3.1 United States3.2 Brazil3.3 Singapore3.4 Canada3.5 Cambodia3.6 South Africa4 Analysis of Major Suppliers in the Import Market of Soybean in Vietnam (2021-2024)4.1 THE DELONG CO INC4.2 ENERFO PTE LTD4.3 DYNAMIC MARINE LTD5 Analysis of Major Importers in the Import Market of Soybean in Vietnam (2021-2024)5.1 BUNGE VIETNAM5.2 VIETNAM AGRIBUSINESS LTD5.3 DABACO GROUP6 Monthly Analysis of Soybean Imports in Vietnam from 2021 to 20246.1 Analysis of Monthly Import Value and Volume6.2 Forecast of Monthly Average Import Prices7 Key Factors Affecting Soybean Imports in Vietnam7.1 Policy7.2 Economic7.3 Technology8 Forecast for the Import of Soybean in Vietnam, 2025-2034For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Vietnamese Soybean Import Research Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
