Tag: soybean

• Tuesday, May 3rd 2022 - 08:01 UTC

  Brazil ready to take advantage of the “food inflation” despite higher production costs

  

  Soybeans, corn, sugar, coffee, beef, pork, and chicken are the main goods in Brazil’s export portfolio, and should benefit from the current 'food inflation' in world markets until probably 2023, says analyst Elizabeth Johnson from the TS Lombardy consultancy.

• Wednesday, March 30th 2022 - 09:55 UTC

  Brazilian soybean crop down 10m tons from last year's record but processing plants anticipate a good year

  

  Despite a reduction of 10.5 million tons from the original estimate, leaving total production well off the record of 138.8 million tons from 2021, the Brazilian Association of Vegetable Oil Industry did not change its processing forecast for this year, which is projected at 48 million tons with healthy margins in the manufacture of bran and oil.

• Friday, March 25th 2022 - 09:22 UTC

  Drought hits Paraguayan soybean production

  

  Paraguay's meager output of soybeans this year will prevent it from capitalizing on soaring international prices, it was reported in Asunción.

• Monday, March 21st 2022 - 22:26 UTC

  Argentina reopens soybean exports

  

  The Government of Argentina Monday went back on its steps and reopened exports of soybeans and their by-products after a decision on March 13 to close the registry for sales abroad imposed by Undersecretary of Agricultural Markets Javier Preciado Patiño.

• Monday, March 14th 2022 - 20:39 UTC

  Argentine gov't eyes soybean exports as a source of financing

  

  The government of Argentine Sunday decided to shut down all registrations for new soybean oil and soybean meal exports “until further notice,” it was announced. Authorities are also said to be planning a 2% rise to export taxes of industrial by-products, to level it up with the 33% charged to soybeans.

• Saturday, February 26th 2022 - 09:44 UTC

  China to begin selling soybean reserves; plans to ensure food security and self sufficiency

  

  China will begin the sale of state-owned reserves to increase supply in the world’s largest oilseed market, the National Food and Strategic Reserves Administration announced, although no auction volumes or dates were advanced.

• Thursday, February 24th 2022 - 09:25 UTC

  Soybeans above US$ 615 in Chicago but Argentine producers angry

  

  The threat of a full-scale war has increased fears of shortages in the near future, driving prices up. The ton of soybeans rose 2.4% and closed at US$ 615.45, while corn grew 1.3% to close at US$ 269.19 and wheat climbed 3.6% and to reach US$ 321.87, it was reported.

• Wednesday, February 2nd 2022 - 20:47 UTC

  Paraguay foresees worst soybean harvest in 25 years

  

  The Union of Production Guilds Paraguay Wednesday said it foresaw 2022 will be a tough year for the agricultural sector due to the current drought which will mean, among other setbacks, the worst soybean harvest in the last 25 years, or US $ 2 billion less to the country's economy.

• Thursday, January 13th 2022 - 09:36 UTC

  Paraguay lowers expectations on soy due to drought

  

  Paraguay's Agriculture Ministry has announced between 6 and 7 million tons of soybeans were to be harvested this season against the original projections of 10 million due to the unprecedented weather conditions.

• Monday, January 10th 2022 - 09:19 UTC

  Lack of rain in southern states will reduce the Brazilian 2021/22 soybean harvest

  

  The hydric deficit and above-average temperatures in southern Brazil and southern Mato Grosso do Sul, prevailing since November have significantly damaged the 2021/22 soybean crop. Brazil’s estimated harvest has been lowered by 11.3 million tons to 133.4 million tons, according to a new survey released this week by AgRural.