Lower 2018/19 soybean exports raise ending stocks

Today’s S&D update was quieter for soybeans than corn, with the only change being a 75 million bushel reduction in 2018/19 ending stocks. This one change pushed estimated 2018/19 ending stocks past 1.0 billion bushels and carried projected 2019/20 ending stocks near a similar [...]

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 [...]

New soybean ending stocks estimate tops expectations

USDA increased projected 2018/19 soybean ending stocks to 955 million bushels, up 70 million bushels from last month’s forecast. The industry was expecting a more modest increase in stocks, to around 900 million bushels, but USDA lowered soybean exports to 1.9 billion bushels, down [...]

Brazilian farmers rush to plant soybeans

As China buys virtually all Brazil’s soybeans, farmers are rushing to plant the 2018/19 crop. Planting pace is ahead of usual at 29 percent planted as of Oct. 1, compared to 16 percent a year prior. A crop planted earlier is usually harvested earlier, [...]

China may not need U.S. soybeans after all

China imported 98 MMT of soybeans last year and was projected to reach 100 MMT this year. As China shifted to Brazilian soybeans, it was expected that at some point Brazil would run out and China would be forced to buy U.S. soybeans. However, [...]

For the first time, Brazil may plant more soybeans than the U.S.

Brazilian farmers are getting ready to plant soybeans in September, and the government expects higher plantings once again. Analysts estimate the planting of around 36.3 million hectares (89.7 million acres), surpassing U.S. plantings for the first time. Brazil’s soybean plantings have been expanding at [...]