December soybean crush up 3 percent from last year

NOPA members reported crushing over 171.7 million bushels of soybeans last month, up 3 percent from November and from December 2017. Crush was a bit higher than the industry anticipated, which was around 170 million bushels, and confirms robust domestic demand continues for soybean [...]

Could dry weather pressure Brazil’s soybean, corn, and cane crops?

With January among the wetter months for Brazil, rains in the weeks ahead will be key to crop development. With Brazil’s growing role as an exporter of corn and soybeans, the trade will be watching the rains closely. Below-average rains have been observed and [...]

October biodiesel production near record

The U.S. produced 170 million gallons of biodiesel in October, up 4 percent from September and 1 million gallons shy of tying August’s record volume. Monthly production was up 15 percent from October 2017. Processors used 699 million pounds of soybean oil, up 21 [...]

USDA decides no mandatory GMO labeling for beet sugar, HFCS

The long-awaited USDA regulations for the National Bioengineered Food Disclosure Standard (NBFDS) have been released. USDA presented its decision as founded on extensive scientific research and precedents established by FDA. Perhaps the most notable part of the rule is that refined ingredients with undetectable [...]

October HFCS exports fell 17 percent year over year

The U.S. exported 74,500 MT, dry weight equivalent, of HFCS in October, compared to almost 90,000 MT in October 2017. The value of HFCS-55 exports broke down to $344 per MT, or 20.3 cents per pounds, dry basis, about half a cent higher than [...]

USDA maintains soybean S&D despite trade uncertainty

USDA left the domestic soybean balance sheet practically unchanged in this week’s crop report, perhaps due to uncertainty over U.S.-China trade relations. After the G20 meeting, the U.S. and Chinese presidents were eager to signal that the trade war could be resolved. Both agreed [...]

WASDE watch: Soybean exports

USDA will update 2018/19 S&D projections on Tuesday. In November, USDA lowered this season’s U.S. soybean exports to 1.9 billion bushels due to the trade dispute with China. With 2018/19 ending stocks already forecast at a record 955 million bushels, the industry is wondering how close [...]