Reports out of Brazil indicate farmers' sales of new crop soybeans this year far exceed those of a year ago because of their perceptions regarding the U.S. dollar versus the real. Chinese Importers Agree to Purchase 13.18 MMT of Soybeans Chinese soybean crushers, including major companies such as COFCO, Sinograin and the Sunrise Group, signed 24 agreements with American exporters in Des Moines, Iowa today for the purchase of 13.18 MMT of U.S. soybeans. Most of the agreements were for shipment in 2015/16, but others were for 2016/17. While there were some firm sales in the deals, many were frame contracts with the terms to be worked out later. It is likely some of the confirmed sales will be announced tomorrow by USDA.The announced purchas...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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