Category: Soybeans

Neutral to Bearish: Expanding Russian soybean meal production and higher domestic absorption support local supply but add to regional pricing pressure. Bearish: A 14% drop in EU-27 soybean imports and Ukraine’s shrinking market share intensify competition for limited demand. Bearish: Brazil’s record harvest, rising crushing, and a 241% surge in ending stocks point to heavier…

Bullish Brazil: January soybean exports projected at a record 3.73 million tonnes, supported by strong Chinese demand and 7 million tonnes of carryover stocks. Bearish Black Sea: Intensified competition from Brazilian beans pressures Black Sea-origin soy and sunmeal, capping crush margins and narrowing the window of opportunity before Brazil’s new-crop flows ramp up. Brazil’s Record January Soybean…

Export Decline: Global soybean oil exports from seven key suppliers are projected to fall by 0.4–0.5 million tonnes in Q1 2026 versus a year earlier. Argentina Weakness: Argentine Q1 2026 exports are forecast to drop to 1.3 million tonnes from 1.5 million tonnes amid slower processing ahead of the new harvest. China’s Export Surge: China…

US Exports Drive Upgrade: USDA raises 2025/26 global soybean oil export forecast to 13.69 million tons, entirely on stronger projected U.S. shipments. U.S. Export Surge: U.S. soybean oil export outlook lifted by 336,000 tons to 544,000 tons, signaling stronger U.S. presence in global trade. Stable Russian Role: Russia’s soybean oil export forecast remains unchanged at…

Structural Expansion: Russia advances a 35.3 billion ruble soybean and rapeseed processing hub in Amur Region, targeting 1 million tons of annual capacity by Q1 2027. Export Orientation: The Belogorsk complex will enhance value-added exports of soybean meal and oil from the Far Eastern Federal District into Asian markets. Demand Signal: South Korea’s FLC buys…

Record January exports: Brazil’s soybean exports are forecast at 3.73 million tonnes, surpassing the previous January record of 2.85 million tonnes in 2024. Delayed shipments: December rain disruptions shifted volumes into January, with only 0.6% of the 2025/26 crop harvested by January 8 but supported by large carryover stocks. Strong production outlook: Brazil’s 2025/26 soybean…

South Korea secures 120,000 tons: KFA and NOFI jointly booked soybean meal for delivery through May 2024, locking in supply at competitive C&F prices. Multi-origin vs. South America-focused: KFA diversified origins (US, China, South America), while NOFI concentrated exclusively on South American supplies. Benchmark pricing for Asia: Deals at $371.71–$373.80 per ton C&F set a…

Tambov Region harvested over 750,000 tons of soybeans in 2025, a 1.7x year-on-year increase. Yields jumped 53% to 28.6 centners/ha, from 18.7 centners/ha in 2024. Region now ranks fourth nationally in Russian soybean production and second for yield growth. Market impact assessed as neutral to slightly bearish for Black Sea soybean markets. Russia’s Tambov Region…

India’s demand shift: Soybean oil imports hit a record 5.53 million tonnes in 2025, up 33% year-on-year, as buyers moved away from palm and sunflower oils. China’s tightening meal balance: Soybean meal stocks are expected to fall to 900,000 tonnes by end-January from record levels near 1 million tonnes since October 2025. Price strength: Dalian…

Strong South Korean demand: Buyers secured 120,000 tons of soybean meal in dual tenders for March–May 2025 delivery, locking in near-term feed coverage. Stable international pricing: Narrow price spread of about $2/ton (C&F) between KFA and NOFI tenders signals steady global soybean meal values. Origins concentrated outside Black Sea: Supply is sourced from the U.S.,…