Soybean meal is expected to be a more competitive feed ingredient on higher global supplies.
12.03.2024 08:10 "Agro Perspectiva" (Kyiv) —
According to the report of the USDA Oilseeds: World Markets and Trade (March 2024), Diverging Trends for U. S. Soybean and Soybean Meal Exports in 2023 Calendar year (CY) 2023 exports of U.S. soybeans and soybean meal diverged, with a marked decrease in soybeans compared to record high soybean meal. Year‐over‐year soybean exports shrunk 15 percent by volume (48.7 million tons) and 19 percent by value ($27.9 billion). Conversely, U.S. soybean meal exports rose 20 percent by volume (14.1 million tons) and 21 percent by value ($7.4 billion). Soybean exports for 2023 fell by value to three of the top four markets from last year: China (‐15 percent), Mexico (‐24 percent), and Japan (‐26 percent). Major contributors to this decline include record Brazil soybean production and higher crush demand in the United States, which contributed to higher prices for U.S. soybeans. Meanwhile, exports to the European Union were up 32 percent by value, in part due to stronger Chinese demand for Brazil soybeans. Soybean meal has become one of the top ten exported U.S. agricultural products following 5 years of steady value growth. In 2023, exports of soybean meal rose to record levels on ample exportable supplies due to high domestic crush supported by U.S. biofuel policy and lower output from Argentina due to drought. The Philippines was the top market for U.S. soybean meal, raising imports of U.S. product by 25 percent. South American markets, including Colombia, Ecuador, and Venezuela, also grew imports of U.S. soybean meal owing to reduced supply from Argentina. Lower meal supplies from Argentina also contributed to a near‐doubling of U.S. exports to the European Union, especially to Ireland and Poland. Looking ahead, U.S. soybean exports are forecast to further decline in marketing year 2023/24. This forecast is based on the expectation that domestic crush continues to grow as well as continuing large soybean production in South America. Meanwhile, U.S. soybean meal exports are expected to grow further in 2023/24. However, ample global supplies due to higher soybean processing in South America will prevent robust export gains. Soybean meal is expected to be a more competitive feed ingredient on higher global supplies. AGRO PERSPECTIVA offers Agro + «Ukrainian Grain & Oilseed Market» weekly analytical bulletin. Concerning subscription please contact: client@agroperspectiva.com Concerning subscription please contact: +380 67 596 46 52 (WhatsApp).
22.11.2024 |
|
 |
|
|
 |
10:15 |
South Africa Sugar Production and Exports Estimated Down |
19.11.2024 |
|
|
|
|
|
23:04 |
Global Olive Oil Production Forecast to Rebound in 2024/25 |
|
22:47 |
Vitalii Koval discusses Ukraine's European integration with European colleagues |
|
16:06 |
EBRD, European Union and United States help Kyiv prepare for winter |
18.11.2024 |
|
|
|
|
|
09:21 |
Agriculture Development Strategy 2030 – a roadmap to the EU |
|
09:19 |
Ukrainian farmers have sown 96% of projected winter crop area |
01.11.2024 |
|
|
|
|
|
20:31 |
Ukraine has officially joined the International Fund for Agricultural Development |
|
20:29 |
Ukrainian farmers harvested 63.7 million tonnes of grains and oilseeds |
25.10.2024 |
|
|
|
|
|
22:50 |
Agriculture hit hard: October port strikes rack up 30-40 million dollars in losses |
|
21:04 |
Ministry of Agrarian Policy expects exports to rise in dollar terms |
|
10:57 |
Ukrainian corn seed flows to Europe in further farm trade shift |
24.10.2024 |
|
|
|
|
|
23:02 |
Tree Nut Import Markets Highly Concentrated |
23.10.2024 |
|
|
|
|
|
11:18 |
Prime Minister UK warns Russian threat to global stability is accelerating as Putin ramps up attacks on Black Sea |
15.10.2024 |
|
|
|
|
|
09:35 |
Brazil Continues to Dominate Growth in Global Chicken Meat Exports in 2025 |
11.10.2024 |
|
|
|
|
|
23:33 |
China Cottonseed Imports Show Strong Demand in Recent Years |
|
20:30 |
India Removes Rice Export Ban, Spurring Additional Trade |
30.09.2024 |
|
|
|
|
|
17:27 |
List of agricultural machinery with cost compensation expanded to 11,300 items |
29.09.2024 |
|
|
|
|
|
20:21 |
1 in 11 people worldwide faced hunger in 2023, 1 in 5 in Africa If current trends continue, about 582 million people will be chronically undernourished in 2030, half of them in Africa |
|
17:13 |
EU agri-food surplus increased in the first half of 2024 |
27.09.2024 |
|
|
|
|
|
09:02 |
BASF presents new corporate strategy: BASF is setting a new direction for portfolio steering, capital allocation and performance culture |
26.09.2024 |
|
|
|
|
|
10:25 |
BASF sets new direction with corporate strategy and maintains high level of shareholder distributions |
21.09.2024 |
|
|
|
|
|
18:30 |
Three new sites recognized as Globally Important Agricultural Heritage Systems (GIAHS) |
17.09.2024 |
|
|
|
|
|
09:52 |
Cargill and Ducks Unlimited Working Together to Restore Watersheds Across North America |
|
08:44 |
FAO calls for G20 cooperation as hunger targets continue to elude |
|
06:40 |
FAO sees open trade as a cornerstone of global food security |
13.09.2024 |
|
|
|
|
|
07:08 |
U.S. Soybean Meal Hits 10‐Year High for Export Sales |
12.09.2024 |
|
|
|
|
|
21:26 |
U.S. Corn Exports Buoyed by Large Supplies |
11.09.2024 |
|
|
|
|
|
04:30 |
Global cereal production 2024 forecast on par with 2023 output, cereal trade likely to contract |
06.09.2024 |
|
|
|
|
|
11:35 |
FAO Food Price Index down marginally in August: lower sugar, meat and cereal quotations offset higher dairy and vegetable oil prices |
|
10:34 |
Cargill acquires two US feed mills, strengthens production and distribution capabilities to grow with customers |
05.09.2024 |
|
|
|
|
|
09:23 |
PM: Plan to develop small generation facilities to reduce vulnerability to terrorism |
30.08.2024 |
|
|
|
|
|
05:03 |
Taras Vysotskyi discusses agricultural cooperation with Hungarian counterpart István Nagy |
19.08.2024 |
|
|
|
|
|
12:00 |
OTP BANK RECEIVED A $2.76 MILLION GRANT FROM USAID INVESTMENT FOR BUSINESS RESILIENCE ACTIVITY FOR CONCESSIONAL LENDING TO MICRO, SMALL, AND MEDIUM-SIZED ENTERPRISES |
16.08.2024 |
|
|
|
|
|
17:10 |
Cargill and Goanna Ag Pilot Irrigation Efficiency Technology on Mississippi Delta Cotton Fields |
12.08.2024 |
|
|
|
|
|
20:04 |
Ukraine Soybean Exports Forecast at Record in 2024/25 |
|
19:48 |
Domestic Demand and Trade Restrictions Reduce India Grain Exports |
11.08.2024 |
|
|
|
|
|
09:15 |
USAID Announces $3.9 billion in Direct Budget Support to the Government of Ukraine |
09.08.2024 |
|
|
|
|
|
17:41 |
USAID Announces $3.9 billion in Direct Budget Support to the Government of Ukraine |
07.08.2024 |
|
|
|
|
|
08:19 |
Turkey’s Mandarin Production and Exports to Rebound |
26.07.2024 |
|
|
|
|
|
09:28 |
Ongoing Economic Crisis in Argentina Impacts Dairy |
15.07.2024 |
|
|
|
|
|
10:28 |
Decline of China Pork Imports Continues in 2024 |
|
08:20 |
Lower Prices Propel Mexico 2023/24 Soybean Meal Imports |
13.07.2024 |
|
|
|
|
|
10:15 |
China Imports of Major Feed Grains at Record for Oct-May period |
12.07.2024 |
|
|
|
|
|
01:08 |
Climate risks projected to affect fish biomass around the world's ocean, FAO report says |
06.07.2024 |
|
|
|
|
|
10:15 |
Global cereal production 2024 forecast scaled up and now set to exceed the 2023 level |
|
10:01 |
FAO Food Price Index stable in June |
03.07.2024 |
|
|
|
|
|
12:31 |
World pear production for MY 2023/24 is projected up more than 275,000 tons to 25.2 million |
|
12:23 |
U.S. wheat exports are forecast to rebound by more than a million tons in the 2024/25 marketing year |
01.07.2024 |
|
|
|
|
|
08:58 |
World apple production for MY 2023/24 is forecast to rise more than 700,000 tons to 83.7 million |
|
08:39 |
World coffee production for 2024/25 is forecast to rebound 7.1 million bags |
Also available: 
|
