Tag "soybean trade"
USDA’s Prospective Plantings report last month indicated that for the 2017/18 crop year, U.S. farmers intend to sow a record 89.5 million acres of soybeans, due to likely contractions in sown acreage for wheat, corn, and sorghum. For 2016/17, data
Soybean prices declined in March in response to rising projections for the 2017 South American harvest. November futures prices on the Chicago Board of Trade (CBOT) fell 7.5 percent, ending the month below $10/bu for the first time since mid-January.
U.S. soybean supply and use changes for 2016/17 include higher seed use, reduced residual disappearance, and higher ending stocks. Seed use is raised in line with the record plantings indicated in the March 31 Prospective Plantings report, and residual use
One year ago, USDA’s March 9 WASDE report offered a familiar bearish prognosis for soybeans. U.S. ending soybean stocks were expected to reach 460 million bushels in 2015-16, up from 191 million bushels the prior season, and USDA expected an
On March 31, the USDA will release the quarterly Grain Stocks report, with estimates of crop inventories as of March 1, and the annual Prospective Plantings report. For soybeans, the stocks estimate is typically overshadowed by the estimate of planting
Based on accelerating foreign competition, USDA trimmed its 2016/17 forecast of U.S. soybean exports by 25 million bushels this month to 2.025 billion. In contrast, strong year-to-date use prompted an increase in the 2016/17 forecast of the domestic crush this
A growing gross domestic product, an increasing urban population, and a shift to a more protein-rich diet have combined to boost Vietnam’s meat production and a corresponding need for feedstuffs. In 2017, Vietnam poultry production is forecast up 5 percent
U.S. soybean supply and use changes for 2016/17 include higher crush, lower exports, and increased ending stocks compared with last month’s report. Soybean crush is raised 10 million bushels to 1,940 million on increased domestic soybean meal disappearance. Soybean exports
USDA’s 2016/17 forecast of the domestic soybean crush is unchanged at 1.93 billion bushels. Forecasts of domestic and export demand for soybean meal and soybean oil are also unchanged. The forecast of 2016/17 soybean exports is unchanged at 2.05 billion
Changing dynamics in China’s rapeseed market have resulted in a slowing of rapeseed imports and a hastening of rapeseed meal purchases in CY2016. In the first quarter of MY2016/17 alone, China rapeseed meal imports have reached 150,000 tons, mostly from