Soy falls most since 2018 amid commodities rout
Bloomberg
Soybean futures ended the week down more than 6 percent, the most in more than two years, as COVID-19 concerns weighed on financial markets and traders awaited further news on the Brazil harvest. Corn and wheat also slid.
Output in the world’s biggest soybean growing country might total 132.4 million tonnes, Agroconsult president Andre Pessoa has said.
While that is down a bit from a estimate in November last year, it would still be an all-time high as moisture shortages ease in the south.
Average yields are higher than last year, and recent conditions have been generally favorable.
U.S. soy: the sustainability solution
Consumer demand for sustainability is a pressing consideration when sourcing soy.
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U.S. soy: the sustainability solution
Consumer demand for sustainability is a pressing consideration when sourcing soy.
Check out this story on FarmersAdvance.com: https://www.farmersadvance.com/story/news/2021/01/21/u-s-soy-sustainability-solution/6662893002/
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Before leaving town, U.S. Secretary of Agriculture Sonny Perdue and U.S. Trade Representative Robert Lighthizer announced the appointment of 67 members to serve on seven agricultural trade advisory committees. A complete list of committee members are available at fas.usda.gov/atacs and includes a who’s who of influential voices from commodity groups to agribusinesses.
The Agricultural Policy Advisory Committee is comprised of senior representatives from across the U.S. agricultural community who provide advice to USDA and USTR on trade policy matters including the operation of existing trade agreements and the negotiation of new agreements. Members of the six Agricultural Technical Advisory Committees provide technical advice and guidance from the perspective of their specific product sectors. This group of appointed advisors will serve until 2025.
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CHESTERFIELD, MO. â USSEC recently attended the XXII International Pig Conference organized by the National Union of Swine Breeders of Russia and the International Industrial Academy in Moscow.
Today, Russia is the fifth-largest pork producer in the world. According to the National Union of Swine Breeders, pig farming is one of the most technologically advanced branches of agriculture in Russia.
To further strengthen ties with the Russian swine industry, the U.S. Soybean Export Council attended one of the countryâs key annual events, the XXII International Pig Conference, hosted by the National Union of Swine Breeders of Russia and the International Industrial Academy in Moscow in December 2020.
OMAHA (DTN) An executive vice president for Cargill highlighted some positive trends for soybean export demand Wednesday, pointing to Chinese demand for soybeans, while also pointing out increased focus on sustainability by Cargill’s customers.
Joe Stone, Cargill’s executive vice president for the agricultural supply chain and corporate trading strategy, said China has recovered from African swine fever quicker than expected. While that is starting to slow pork exports to China, it has ramped up soybean exports. Stone sees more positive soybean markets over the next 12 to 24 months.
“We’ve got a significant crush business in China. We also have a very large animal feed business in China and that recovery has really exceeded our expectations,” Stone said on a web event led by the U.S. Soybean Export Council.