Protein Markets Sporadic rains through the Eastern US soybean belt have caused minor delays with harvest now 75% complete overall vs 61% last week The Brazilian government has confirmed the idea of cutting import taxes on soybeans by 8% to zero at the end of this year as the countries crushers struggle to get domestic…
Protein Markets US soybeans have improved in conditions up 1% to 64% good to excellent from last week with harvest now at 20% complete vs 6% last week Early yield reports for the US soybeans show above expectations for the Dakotas, Minnesota, Indiana, Missouri and well below expectations for Iowa with overall yields sub 2018…
Protein Markets US soybeans are unchanged in conditions at 62% good to excellent from last week with plants now 50% at the leaf drop stage vs 37% last week Brazil is rumored to have bought 70,000T of Argentine soy oil to meet domestic biodiesel demands despite trade talks between the US and Brazil for ethanol…
Protein Markets US soybeans are down 2% in conditions to 63% good to excellent from last week with plants now 37% at the leaf drop stage vs 20% last week The USDA has pegged new crop soybean production in the US at 4.313 billion bushels (117.4MT) down on the August estimate of 4.425 billion bushels…
Protein Markets US soybeans are down 1% in conditions to 65% good to excellent from last week with yields forecasted at 53.3 bpa up 3.5 bpa from July despite the downgrade in conditions China imported the largest ever volume of soybeans in August estimated at 9.6MMT with total imports for 2019/2020 expected to be 98MMT…
Protein Markets US soybeans are down 3% in conditions to 66% good to excellent from last week including a 2% drop in poor/uber poor conditions with ongoing dry weather through the mid-west Estimates have pegged the shortage of soil top moisture to be at 70% through the Midwest which will impact the US soybean pod…
Protein Markets US soybeans pod counts in a 3 square foot plot are estimated to be 1146 pods vs 1136 average in Iowa and 1085 vs 1025 average in Minnesota US soybeans are now 92% podded vs 75% last week with conditions down 3% to 69% good to excellent The US has a record 20.5MMT…
Protein Markets US soybeans are now 75% podded vs 59% last week with conditions up 1% at 74% good to excellent as yields are set to challenge US records Iowa is set for heavy rains this week as soybean crops across the state need moisture with the rest of soybean belt in near ideal conditions…
Protein Markets US ethanol/DDGS production rose in May according to official US figures at 147 million gallons in May vs 144 in April US ethanol production figures also show a significant increase in the use of soy oil for ethanol/biodiesel at 70% in May vs 57% in February US soybean yields are being talked up…
Protein Markets New crop Brazilian soybeans have been forecast up by 1.3MMT to 130.8MMT with overall planted area at 38.2M hectares The Illinois River has been effectively shut for repairs on damns and locks until October where an estimated 40MMT of coal, fuel and farm goods including corn and soybeans is transited Argentina crushed 3.64MMT…