Category: Soybeans

Russia turns net soybean exporter: Record 2025 crop of 8.96–9.5 million tonnes flipped the trade balance as imports plunged and exports outpaced incoming volumes. Domestic processing expands: Soybean oil output rose 7.4% to 1.18 million tonnes and meal production grew 8.8% to 5.07 million tonnes on stronger local supply. Import demand collapses: Russian soybean imports fell 50–66% year-on-year…

Inventories Surge: US soybean oil stocks climbed to 988,000 tonnes by end-December, a 22% rise since the season start and the highest level in 19 months. Demand Softens: Soybean oil consumption fell to 12.2 million tonnes in 2025 from 12.4 million tonnes a year earlier amid persistent biofuels sector weakness. Crushing at Record Pace: Record…

Strategic pivot: China is shifting its soybean policy from expanding planted area to boosting yield and quality through technology and mechanization. Import diversification: Beijing aims to reduce reliance on traditional suppliers like the US and Canada by broadening agricultural import partners, especially in the Global South. Record grain output: China’s total grain production is forecast…

Odesa-based soybean exporter uncovered evading UAH 18.7 million in taxes on exports to Turkey, Romania, and the UAE. Roughly 10,500 tons of soybeans with undocumented origin, valued at UAH 104 million, were exported via intermediary companies. Case signals tighter oversight and documentation requirements for Black Sea soybean exports, with neutral immediate price impact but higher…

Bearish US soybeans: Chinese private crushers favor Brazilian supplies due to a 10-percentage-point tariff advantage (13% vs 3%), limiting commercial demand for US origins. Supportive for Brazilian exports: Record projected Brazilian production of 182.2 million tonnes underpins aggressive forward sales and competitive pricing into China. Neutral to bearish for Black Sea protein complex: Cheaper Brazilian soybeans…

Neutral to Bearish Black Sea Sunflower Oil: China’s rising soybean oil exports intensify competition in key Asian vegetable oil markets, weighing on Black Sea sunflower oil demand. Structural Shift in Trade Flows: Surplus Chinese soybean oil, driven by overbuilt crushing capacity and slowing domestic demand, is reshaping global oilseed and vegoil trade patterns. Support from…

Neutral to Bearish Black Sea spreads: Russia’s 11% YoY growth in soybean oil exports to MENA and 43% revenue share may pressure FOB Black Sea vegetable oil premiums. Supportive demand in MENA: Broad-based buying from Algeria, Iran, Saudi Arabia, the UAE, and Israel underpins stable regional demand for Russian soybean oil. Stronger Russian export footing:…

Export growth: Total US soybean product exports rose 13% year-on-year to 68.7 million tonnes, valued at $29.6 billion. Product mix shift: Soybean oil exports surged 304% to 1.1 million tonnes; soybean meal exports hit a record 16.3 million tonnes (+14%). Demand drivers: Strong global demand, improved market access, and enhanced US price competitiveness underpinned the…

Harvest Progress: Brazil’s 2025/26 soybean harvest is 2% complete as of January 15, slightly ahead of last year, with crops in key states rated good to excellent. Record Production Outlook: Forecasts range from 176.1–179.3 million tonnes, with Safras&Mercado holding the most bullish estimate at 179.3 million tonnes. Crushing Capacity Growth: Domestic soybean crushing is projected…

Export Surge: U.S. soybean complex exports climbed 13% in 2024/25 to 68.7 MMT, with total export value reaching $29.6 billion. Record Meal & Oil: Soybean meal exports hit a record 16.3 MMT (+14%), while soybean oil exports jumped 304% to 1.1 MMT, led by Indian demand. Shifting Trade Flows: Rapid growth in U.S. soybean meal…