Soybean trade Soybean Protein food Food processing daily news. |
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17. Friday Morning Soybean Update The overall weather situation, disappointing weekly export sales, weakness in the US cash markets and a large South American harvest are all contributing to the bearishness. Reports from China show their outlook for soybean and soybean meal remain bearish. Commercials bought an estimated 5,000 soybean oil and some light commercial buying in soybeans and meal. The focus remains on the current the weather situation as traders are concerned that wheat damage will be more widespread. US...
Source • Inside Futures,IL •
18. China turning to Brazil to meet a growing demand for soybeans Vanishing cropland and diminishing water supplies are hampering China's ability to feed itself, and the increasing use of farmland in the United States to produce biofuels such as ethanol is pushing China to seek more of its agricultural staples from South America, where land is still cheap and plentiful. Plagued by scarce water supplies, China is turning to a new trading partner 15,000 miles away -- Brazil -- to supply more protein-packed beans essential to a richer diet. Vanishing...
Source • Boston Globe,MA •
19. Corn futures fall again, soybeans recover sharply The rally in soybean prices was a big help in moving corn off limit-down levels but the price activity in December corn was also a big factor, Kleist said. Selling eased after midsession, when soybean futures and soybean meal rallied. Market Watch Online email. In addition, the corn crop isn t in the ground and in many areas farmers can t get into their fields to prepare the ground for planting, and given the fact that farmers are expected to plant 90 million acres this year, time is of...
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20. China's insatiable hunger for soybeans Vanishing cropland and diminishing water supplies are hampering China's ability to feed itself, and the increasing use of farmland in the US to produce biofuels like ethanol is pushing China to seek more of its agricultural staples from South America, where land is still cheap and plentiful. Vanishing cropland and diminishing water supplies are hampering China's ability to feed itself, and the increasing use of farmland in the US to produce biofuels like ethanol is pushing China to seek...
Source • Taipei Times,Taiwan •
21. Ohio corn crop could pop If action matches intention, Ohio's farmers will be planting half a million more acres of corn this year -- a 15 percent hike over last year's acreage and the most in a decade. And as the folks competing for the corn try to guess what crop producers will do, the lucrative price that caused farmers to reconsider their options in the first place rises and dips -- just like recent temperatures that covered hopes for an early planting with a fresh blanket of snow. And as the folks competing...
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