Category: Soybeans

Bearish Black Sea soybean imports: Enzyme-processed pea concentrate offers a domestically sourced, lower-cost alternative to imported soybeans in Russian poultry feed. Improved feed efficiency: Chickens on pea concentrate showed higher weight gain with lower feed consumption, enhancing profitability and reducing reliance on premium protein feeds. Cost advantage: Ability to process substandard peas cuts protein production…

Bearish Black Sea soybeans: Enzyme-based pea protein shows potential to displace soybean meal in Russian poultry feed, pressuring regional soybean demand and pricing. Efficiency gains: Pea protein concentrate delivered 12% higher chicken weight with 6% lower feed consumption versus soybean-based diets in field trials. Cost advantage: Ability to process lower-grade peas and lower raw material…

Bullish: Russia’s 30% year-over-year soybean harvest increase to 9 million tonnes and its new status as a net soybean exporter boost regional availability of soy and meal, supporting more competitive Black Sea export offers. Bearish: India’s 54% decline in soybean meal exports and higher meal prices tighten near-term supply for key importers, but may accelerate…

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…