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US Inspected 938k Tons of Corn for Export, 406k of Soybeans

In week ending May 9, according to the USDA’s weekly inspections report. US Corn, Soybean, Wheat Inspections by Country: May 9 Following is a summary of USDA inspections for week ending May 9 of corn, soybeans and wheat for export, from the Grain Inspection, Packers and Stockyards Administration, known as GIPSA.

U.S. Soybean Crush Expected to Slow Down in April NOPA Report

U.S. soybean processing is projected to decline in April from the record high in March, according to a Reuters analyst poll ahead of the National Oilseed Processors Association (NOPA) report. The decrease is attributed to shrinking margins and seasonal downtime at processing plants. Despite the slowdown, April crush is still expected to be the largest …

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Ukraine increased exports of sunflower meal by more than 40%

According to APK-Inform preliminary data, in April of this year the exports of sunflower meal from Ukraine increased significantly after the decline in March, totaling about 560 thsd tonnes. This was up 41% compared to the previous month, and became one of the highest volumes of the meal shipment since February 2022. In April, China …

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Wheat purchases top 25 million tonnes but 1.5% lower than last year

Procurement target unlikely to be met as buying in U.P., Rajasthan, and M.P. lag behind The wheat procurement is far away from the government’s “official” procurement target of 372.9 lt fixed for this year Wheat procurement reached 25.30 million tonnes (mt) as of May 12 against 25.682 mt a year ago, official data show. This …

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Brazil Conab raises soybean output view by 1.16 mln T despite floods

Brazilian farmers are expected to reap 147.685 million metric tons of soybeans in the 2023/2024 cycle, 1.16 million tons more than forecast in April, as national crop agency Conab revised the size of the area planted with the oilseed on Tuesday. The upward revision may surprise some, as Brazil’s second largest soy producing state, Rio …

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Chinese cooking oil spurs call to boost US tariffs

A group that represents the biggest US soybean processors wants the levies to be higher than the current 15.5% rate. — Bloomberg WASHINGTON: As President Joe Biden prepares a new wave of tariffs against China, a US soybean trade group is pushing for higher levies on Chinese used cooking oil that it says is undercutting …

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Rising sea surface temperatures in Bay of Bengal could impact Indian monsoon

The surge is likely to generate a tropical system in the Bay of Bengal post May 20, which could considerably affect regional climatic conditions. As several states across the country grapple with soaring summer heat, the sea surface temperatures (SST) in the Bay of Bengal are also continuing their upward trend, registering a blistering 31-32 …

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Australian weather bureau sees 50% chance of La Nina this year

CANBERRA, May 14 (Reuters) – There are early signs that a La Nina weather event may form in the Pacific Ocean later this year, Australia’s weather bureau said on Tuesday. A La Nina would have significant consequences for global agriculture because it typically brings wetter weather to eastern Australia and southeast Asia and drier conditions …

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