Category: Soybeans

Structural shift: Goldman Sachs projects China could cut soybean import dependency from 90% to 30% by 2034. Demand reduction: Chinese oilseed consumption has already declined by 15 million tons between 2021–2024. Feed reformulation: Lower soybean meal inclusion and efficiency gains in feed processing are curbing import needs. Domestic substitution: Expansion of high-protein corn cultivation aims…

Bullish: Ukrainian soybean export prices climbed to USD 420–428/t CPT port on tight domestic supply and strong competition among buyers. Bearish: Global soybean prices remain pressured by weak Chinese demand for US soy, lower Argentine export duties, and strong Brazilian crop prospects. Neutral: Soybean meal export price growth has stalled as demand slows, keeping values…

Bearish US & Black Sea: Brazil’s soybean export potential is projected to jump to 115 million tons in 2026, reinforcing its dominance and eroding market share for competing origins. Bearish Prices: Expanded Brazilian production to 178 million tons and higher carryover stocks of 7–8 million tons are likely to pressure international soybean prices. Export Momentum:…

Brazilian exports slump: Soybean oil exports fell 41% year-on-year to 153,000 tonnes in Sep–Nov 2024, hitting multi-year lows. Biofuel demand surges: The B15 biodiesel mandate is driving domestic soybean oil use, with around 6.5 million tonnes projected for biodiesel in 2025. Tight export balance: Limited output growth of only 0.4 million tonnes caps export potential…

Bullish South America: Brazil and Argentina sharply increased soybean exports to China, capturing greater global market share. Bearish US & Black Sea: US soybean exports slumped over 50% year-on-year, while increased South American supply pressures global oilseed prices and weighs on Black Sea competitiveness. South American Soybean Export Surge South American exporters strengthened their hold…

Bearish (Imports): Russian soybean imports fell 63% year-on-year in September–November 2025 to just 0.15 million tons as record domestic output reduced external demand. Structural Shift: A record 9.4–9.5 million ton domestic soybean harvest has effectively eliminated Russia’s reliance on Brazilian supplies and reshaped internal logistics. Global Demand Support: China imported 8.11 million tons of soybeans…

Ukrainian Soybean Prices Climb; US-Uzbekistan Pact Opens Trans-Caspian Corridor Ukrainian port soybean prices strengthened to USD 416–430/t CPT-port and UAH 18,200–18,500/t as processors and exporters compete for a reduced harvest. US-Uzbekistan soybean MoU aims to expand American soy access into the Trans-Caspian region via Uzbekistan as a strategic trade gateway. Global demand backdrop remains firm…

Neutral for Black Sea flows: New Russian Far East capacity is geographically isolated from core Black Sea export routes. Supportive for Russian soy growers: Stable local demand for up to 100,000 tons of soybeans annually in the Jewish Autonomous Region. Strategic for China-Russia trade: Deepens agri-processing integration, with potential exports of soymeal and oil to…

Regulatory Shift: Ukraine has introduced a new monitoring system for soybean and rapeseed exports to verify producer data against the State Agrarian Register. Targeted Duty Exemptions: Export duty exemptions are now designed to benefit verified agricultural producers rather than trading intermediaries. Support for Farmers: Export duties paid by traders will fund a special budget to…

Supply growth: Tested soybean volume in Tatarstan reached 56,200 MT year-to-date, nearly four times last year’s level. High quality: About 99% of tested soybeans met safety and quality standards, with 82.5% categorized as food-grade. Structural shift: Soybean acreage expanded from 1,500 ha to 62,000 ha over the past decade, signaling a strategic move toward oilseed…