Category: Soybeans

Bullish: Argentine soybean meal prices surged to $379/tonne, up 13% over three months and 18% year-on-year, supported by low inventories and processor margin expansion. Bearish: Global Q1 2026 soybean meal export growth was only 1.5% YoY, signaling weak demand expansion and limiting upside for alternative origins like the Black Sea. Structural Shift: Demand is increasingly…

Global crush expands: 2025/26 global soybean crushing forecast raised to 100.26 mln t, up 3.9% year-on-year and 2 mln t versus prior estimate. U.S. strength: U.S. crushing in Sept–Mar reaches 42.6 mln t (+8.8% y/y), supported by expanded capacity and stronger soybean oil and meal demand. South America resilient: Brazilian and Argentine crush outperform expectations…

Soybean Imports Cut: China aims to reduce soybean imports by 26.2% to 82.55 million tonnes by 2035 versus the 2025 record of 111.83 million tonnes. Higher Domestic Output: Domestic grain production is projected to rise to 753 million tonnes by 2035, up 5.3% from 2025. Lower Grain Imports: Total grain imports are expected to fall…

Russian Oil and Fats Union urges higher soybean and flaxseed export duties to better protect domestic processors. New crushing capacity in Russia’s Far East increases demand for secure domestic soybean and flaxseed supplies. Existing duty regime retains most oilseeds domestically, but flax and some soybean volumes still flow to export. Planned expansion of flaxseed meal…

Russian soybean exports to China surged 118% year-on-year in March, reaching 0.12 million tons— the strongest monthly performance since December 2023. Export forecast for 2025/26 revised up by 67% to around 1 million tons, reflecting sustained external demand from China, Belarus, and Iran. Domestic ruble soybean prices in Russia’s Central Federal District rose 5% in…

China’s Q1 Soybean Imports Drop 3.1%, Signaling Tightening Supply Import decline: China’s soybean imports fell 3.1% year-on-year in Q1 2024 to 16.584 million tons, tightening domestic supply. March volumes: March imports reached 4.019 million tons, highlighting a slower pace versus prior strong months. Price support: Reduced import flows are expected to underpin higher spot soybean…

Bullish: Ukrainian soybean prices are rising on tight domestic supply and strong soybean meal export demand. Bullish: Export bids gained 2–5 USD/t to 437–450 USD/t CPT port amid firmer global vegetable oil and soybean markets. Bullish: Domestic prices jumped 300–700 UAH/t as crushers compete for limited raw soybeans. Neutral/Bearish: Port congestion and slow trade activity…

Improving outlook: Ukraine’s soybean production is showing signs of recovery after a contraction in 2025. Policy headwind: A new 10% export duty on soybeans is weighing on planting decisions and export competitiveness. 2026 uncertainty: Pessimistic acreage projections for the 2026 harvest introduce medium-term supply and pricing risk. Flow impact: Neutral to bearish implications for Ukrainian…

Soybeans – Slightly Bearish: US weekly export sales of 353,300 tonnes missed forecasts of 400,000–700,000 tonnes, signaling softer demand and potential downward price pressure. Corn – Neutral: Export sales of 1.25 million tonnes were in line with expectations, suggesting stable demand. Wheat – Mildly Bearish: Weekly export sales of 296,300 tonnes came in below market…

Export Surge: US soybean meal exports hit 380,000 tonnes in the week of March 13–19, up 52% year-on-year, with three-week volumes reaching 1.14 million tonnes. Stronger Crush: US soybean processing in March is projected at 6 million tonnes, a 7% increase versus 5.6 million tonnes last year, underpinning higher meal supply. Q1 Growth: First-quarter 2025…