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Oilmeals export volume up 13% in 2023-24; value at 10-year high

Soyameal shipments revived to become most competitive; rapemeal slows down Oilmeals export from India grew by around 13 per cent in quantity and 35 per cent in value during FY24. Data compiled by the Solvent Extractors’ Association of India (SEA) shows India exported 48.85 lakh tonnes (lt) of oilmeals valued at ₹15,370 crore during financial …

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2023/24 Argentina Soybeans 10.6% Harvested

Rains were active across Argentina over the weekend with the heaviest rains favoring central Santa Fe and central Buenos Aires. Rains will remain active across eastern and southern Argentina for the next few days. The wet weather will slow the harvest progress but be beneficial for the later planted soybeans. Soybeans in Argentina were 10.6% …

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2023/24 Brazil Soy 85% Harvested

Soybeans in Brazil were 85% harvested as of late last week compared to 86% last year and 87.8% average according to Patria AgroNegocios. This represents an advance of 5.8% for the week. The areas remaining to be harvested are Rio Grande do Sul and northeastern Brazil. In their April Crop Reports, Conab lowered the 2023/24 …

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Brazil Soy Exports Seen Reaching 13.74 Million Tns In April

BRAZIL SOY EXPORTS SEEN REACHING 13.74 MILLION TNS IN APRIL VERSUS 12.73 MILLION TNS FORECAST IN PREVIOUS WEEK BRAZIL SOYMEAL EXPORTS SEEN REACHING 2.58 MILLION TNS IN APRIL VERSUS 2.45 MILLION TNS FORECAST IN PREVIOUS WEEK BRAZIL CORN EXPORTS SEEN REACHING 26,728 TNS IN APRIL VERSUS 26,728 TNS FORECAST IN PREVIOUS WEEK BRAZIL WHEAT EXPORTS …

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Brazil Abiove raises 2023 soy output view, raises beginning stocks

A revision of Brazilian soybean production in 2023 affected estimates for the country’s beginning stocks this year, according to new data released by oilseeds lobby Abiove on Tuesday. With the upward revision pegging Brazil’s 2023 soy output at 160.3 million metric tons, a record, beginning stocks have been estimated at 5.9 million tons, 1.2 million …

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Malaysian palm oil futures hit 6-week low

Vegoil markets in the red across geographies Palm prices still seen as expensive, turning buyers to alternatives Short interest building in oilseeds since last week The palm oil price on the Malaysian commodity exchange fell to its lowest in six weeks amid expectations of a seasonal uptick in production, losses in related vegetable oils and …

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Concern grows for Argentina soy harvest due to heavy rains

Prolonged rainfall over Argentina’s farming heartland has fueled fears of delays to the ongoing soybean harvest that could cause production losses, the Rosario grains exchange said on Monday. Since Friday, at least 70 millimeters (2.76 inches) of rain fell across most of the agricultural region, with peaks of 140 millimeters in some parts. “There is …

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Soybeans hover near 4-year lows as firmer dollar blunts US competitiveness

Chicago soybean futures on Wednesday hovered above four-year lows as a strengthening dollar made U.S. exports less competitive in a market well-supplied with cheap beans from South America. Wheat and corn were slightly higher after major supplier Ukraine projected a drop in grain production this year. The most-active soybean contract on the Chicago Board of …

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