Category: Soybeans

Stronger US crush pace: January soybean crushing reached 6.17 million tonnes, up 7% year-on-year, pushing season-to-date volumes to a record 30.5 million tonnes. Rising oil inventories: Soybean oil stocks climbed to 1.12 million tonnes, the highest since April 2023, reflecting softer biodiesel and HVO demand. Pressure on veg oil complex: Higher US output and weaker…

Bearish for Black Sea: Brazil’s soybean exports are surging, intensifying competition and pressuring Black Sea soybean and meal prices. Logistics Watch: Weather risks may delay some February shipments into March, but overall export volumes remain significantly higher year-on-year. Processed Products Strength: Rising soybean meal and oil exports from Brazil weigh on Black Sea crush margins…

Weather risks in Brazil: Excessive rainfall in central and northern regions and drought in Rio Grande do Sul are pressuring analysts to cut Brazil’s soybean crop forecasts below 180 million tonnes. Robust US processing: US January soybean crushing hit a record 6.03 million metric tons, up 10.6% year-on-year, underscoring strong processing demand despite some weather-related…

Shift to palm oil: Major importers in South Asia, including India, Pakistan, and Bangladesh, are replacing soybean oil with cheaper palm oil alternatives. Pakistan demand collapse: Pakistan’s soybean oil imports fell 84% year-on-year to just 28,000 tonnes in October–January 2025/26. EU demand support: Ukraine increased soybean oil shipments to the European Union to 169,000 tonnes…

Higher Brazilian output: Soybean harvest projected at 178 million tons in 2025/26, up 6.5 million tons year-on-year, boosting global supply. Expanded acreage: Additional 1.5 million hectares of soybean plantings offset lower average productivity. Mato Grosso progress: Harvest 47% complete with yields in line with optimistic expectations. Corn decline: Brazil’s corn harvest seen slightly lower at 138.4 million tons, down…

Argentina’s 2023/24 soybean harvest forecast raised by 1 million tonnes to 48 million tonnes on improved weather. Critical rains of 25–100 mm expected in key producing areas over the next week will help determine final yields. Corn production projection held at a record 62 million tonnes, reinforcing Argentina’s export availability. Global oilseed balance turns looser…

Record Processing: Ukraine targets all-time high processing of 3 million tons of soybeans (60% of crop) and 1.7 million tons of rapeseed (50% of harvest) in 2025/26. Export Revenues Rising: Soybean oil output and exports grew over 22% year-on-year, with foreign exchange earnings from soybean and rapeseed oil up 1.5–2.2 times. Policy-Driven Shift: Export duties…

Bullish (Soybean Oil): CBOT soybean oil futures rallied 2.2% to six‑month highs on expectations of stronger Indian demand after the India‑US agricultural trade framework and support from renewed US biodiesel tax incentives. Bearish (Soybean Meal): Chinese soybean meal prices fell nearly 2% amid temporarily high inventories and pressure from Brazil’s bumper soybean harvest, despite fresh…

Bearish soybeans: Brazil’s record 180 million tonne crop and slow farmer selling keep export supply heavy through Q2, pressuring CBOT futures. Argentine risk: Moisture stress and poor rainfall since early February threaten to trim Argentina’s soybean output toward 45–48 million tonnes. Regional impact: South American export dominance and ample pipeline supply reduce competitiveness for Black Sea soybean…