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Montevideo, November 20th 2018 - 08:01 UTC

Tag: soybean

  • Thursday, November 15th 2018 - 09:01 UTC

    Argentina becomes a major importer of US soybeans

    In order to feed its domestic soy-crushing industry, Argentina is increasingly turning to imports, especially after a drought earlier this year hurt crops

    The world of soybean shipping has turned upside down thanks to the ongoing U.S.-China trade war. Argentina, the No. 3 global soy grower, is making major purchases of U.S. supplies. A weekly measure of US shipments to Argentina just rose to the highest in at least 35 years, U.S. government data showed Tuesday.

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  • Wednesday, September 26th 2018 - 09:08 UTC

    Brazil expected to import a million tons of soybeans from the US

    The deal is necessary to supply Brazilian soy processors in the inter-crops period as most beans produced in Brazil have already been sold or booked for export

    Brazil, the world's No 1 soy exporter, is expected to import around one million tons of the oilseed in coming months from its largest global competitor, the United States, as local supplies dwindle, according to Sao Paulo-based grain trader Agribrasil.

  • Saturday, September 22nd 2018 - 08:30 UTC

    Argentina ready to launch a satellite to monitor natural disasters and soil moisture

    Argentina's SAOCOM satellite is scheduled to be launched on a SpaceX Falcon rocket from Vandenberg Air Force Base in California on Oct. 6

    Argentina is launching a new microwave imaging satellite to monitor natural disasters and soil moisture, in a long-term bid to bolster the farm sector, an industry that has historically been the backbone of the country’s economy.

  • Thursday, September 20th 2018 - 08:32 UTC

    US supplants Brazil as leading supplier of soybeans to the European Union

    Imports from Brazil dropped to a 40% share of the bloc's roughly 35 million ton annual import market for the animal feed staple.

    The United States has supplanted Brazil as the European Union's top supplier of soybeans since a deal in July with President Donald Trump to avert a trade war, according to EU data seen by Reuters on Thursday.

  • Wednesday, September 19th 2018 - 08:44 UTC

    Brazilian farmers encouraged by moisture conditions to plant soy and corn

    Producers in Mato Grosso were quick to plant as soon as the soy seeding ban - a measure adopted each year to reduce soy rust outbreaks - ended on Sept. 15

    Brazilian farmers sped up soy and corn plantings this week for the country’s next grain crop, under favorable weather conditions and a positive market outlook, despite a sharp fall in soybean futures in Chicago on Tuesday. Soybean planting in Brazil’s second-largest producing state of Paraná reached 9% of the expected final area this week, up 8 percentage points from last week and compared to only 1 percent at this time last year, as ample soil moisture allowed for a quick start of fieldwork.

  • Saturday, September 8th 2018 - 08:43 UTC

    Brazilian court overturns ban on products containing glyphosate

    The ruling comes just as the first month of soy planting gets under way in Brazil, the world's largest exporter of the bean

    A Brazilian court this week overturned an injunction banning products containing the herbicide glyphosate, knocking down a previous ruling that had been set to disrupt the soy planting season set to begin this month.

  • Friday, August 31st 2018 - 08:53 UTC

    Chinese buyers leave the US soy exporters conference empty handed

    Top importer China bought more than US$12 billion in U.S. soybeans last year, about 60% of U.S. soybean exports

    An annual U.S. soy exporters' conference wrapped up on Wednesday without any known sales to Chinese buyers, in sharp contrast to previous years when billions of dollars of the main U.S. cash crop have been signed over to China in elaborate ceremonies.

  • Thursday, August 23rd 2018 - 08:45 UTC

    Brazil forecasted to expand soybean acreage to a new record

    Over the past 12 years the soy area grew on average about 5% annually, with the fastest rate or growth taking place in the 2012/2013 crop year at 10.7%

    Brazilian farmers were forecast to expand the country’s soybean planted area for the 12th consecutive year amid strong demand from Asia and in spite of risks related to the exchange rate and higher freight costs. Brazil is likely to expand the area to a record 36.28 million hectares this season, which farmers will start planting around September, a 3.2% expansion from the previous cycle based on government data.

  • Saturday, May 12th 2018 - 08:45 UTC

    Brazil becomes world's largest producer of soybeans for the first time

    Brazilian farmers have practically finished harvesting their soy for the 2017/18 crop year, which kicked off in September, as US is just beginning to plant its 2018 crop.

    Brazil will surpass the United States as the largest producer of soybeans this year, taking over the top ranking for the first time in history, oilseeds crusher group Abiove said on Friday. The U.S. is expected to harvest 116.48 million tons of soybeans later on in 2018, falling short of Brazil’s estimated collection of 117 million tons for its crop year that is just drawing to a close, Abiove said, citing United States Department of Agriculture figures released on Thursday.

  • Wednesday, May 9th 2018 - 08:19 UTC

    Brazilian farmers optimism sky high with increasing grain prices and cheap credit

    Brazil’s past two soy crops set all-time records with farmers likely to boost investment and improve efficiency.

    Farm equipment manufacturers in Brazil are expecting g on strong sales this year, boosted by a second straight bumper soy crop and rising grain prices, which will more than offset weakness in the sugar cane sector, they said at a major trade show. Some machinery producers are forecasting sales growth as high as 8% in 2018 as farmers’ confidence rises and record-low interest rates encourage them to borrow and invest.

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