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A Snapshot of Plant-Based Protein Growth Amid the Pandemic
Alternative protein markets, and those specifically utilized in the production of plant-based meat analogues, continue to boon as a result of COVID-19 economic implications. Primarily used to produce beef-like substitutes, products from companies like...
Brazil Soy Prices Near 2012 High
Soy prices in Brazil neared an eight-year high this week, after robust exports left the country with low stocks just as planting for the 2020/2021 season begins, according to data from University of Sao Paulo's Cepea research center.
Prices hit a high of 150.86 reais ($27.13) per 60-kg sack during the week, near the record of 153.40 reais set in 2012, Cepea said. Domestic soy prices had pared back gains by Friday to 146.63 reais per sack.
The data is based on prices in the region of the port city Paranaguá in Parana state and is...
Cargill to Advance Regenerative Farming Practices
Cargill is supporting farmer-led efforts to adopt practices and systems foundational to regenerative agriculture practices across 10 million acres of North American farmland over the next 10 years.
The initiative will focus primarily on row crop rotations that include corn, wheat, canola and soybeans and other staple crops. Cargill expects these regenerative agriculture practices to benefit the long-term profitability and resiliency of farmers while simultaneously advancing the company's progress against its science-based climate commitment to reduce greenhouse gas emissions in its global supply chains by 30 percent per ton of product by 2030. The initiative will also...
PODCAST: Go With the Grain – Glenn Smith on Feed Ingredients
Glenn Smith, Director of Feed Ingredient Procurement at Wayne Farms, returns this week to Market Digest! Laura and Glenn discuss the increased demand for protein items as...
Study Quantifies Value of Red Meat Exports to U.S. Corn, Soybeans
Since 2015, indirect exports of corn and soybeans through beef and pork exports has been the fastest-growing category of corn and soybean use, delivering critical returns for corn and soybean farmers. These producers support the international promotion of U.S. beef, pork and lamb by investing a portion of their checkoff dollars in market development efforts conducted by the U.S. Meat Export Federation (USMEF).
USMEF has released an updated version of the independent study aimed at quantifying the value red meat exports provide to U.S. corn and soybean producers. The original study was conducted in 2016 with updates also released in 2018 and 2019. Key findings from the latest version, which utilizes 2019 export data, include...
China Approves Import of First Domestic GM Soybean for Feed Use
China has approved the import of two new genetically modified (GM) soybean varieties, including one developed by local firm Beijing Dabeinong Technology Group Co Ltd, its agriculture ministry said on Tuesday, making it the first Chinese engineered soybean allowed for import.
Dabeinong signed an agreement with Argentinian biotechnology company Bioceres SA in 2013 to help it get regulatory approval for production of its DBN-Ø9ØØ4-6 glufosate and glufosinate-resistant soybean in Argentina.
The Argentinian authorities granted safety approval for the variety in February 2019 but it has not yet been planted, pending approval by...
University of Copenhagen: Fava Beans Could Replace Soy
Tofu, soy milk and veggie mince. More and more Danes are opting to supplement or completely replace their consumption of animal-based proteins with plant-based proteins. Climate considerations are part of their reasoning.
We often use soy-based protein when experimenting with vegetarian cooking. But, new research from the University of Copenhagen’s Department of Food Science demonstrates that fava beans hold great promise as a non-soy source of plant protein. Moreover, favas are...
Coronavirus Hits Chinese Soy Supply Chain, Lowering Consumption and Import Needs
The outbreak of coronavirus (designated as Covid-19 by the WHO) will hit Chinese soy oil and soymeal consumption, primarily in Q1 and early Q2 2020. Barring an extreme escalation of the epidemic, both are expected to register a robust rebound in 2H 2020.
Due to weakened Chinese demand, strong competition from South America, and seasonal trade patterns, China’s import pace of US soybeans will remain slow in the coming months. Lower-than-previously-anticipated procurement of US soybeans, might run the risk of reigniting the trade war during the US election campaign.
This research is based on the information available to date. As the situation remains fluid, Rabobank is closely monitoring the developments and...
Rabobank: Supply Slide Saves Grounded Demand
Agricultural commodities were heavily impacted by trade wars, African swine fever, and erratic weather in 2019. According to the RaboResearch report "Outlook 2020: Supply Slide Saves Grounded Demand," many of these factors will remain key for agri commodity prices in 2020.
In 2019, agri commodity markets were impacted by several unprecedented incidents and uncommonly severe conditions. China's hog herd declined significantly, as a result of African swine fever (ASF). This drastically weakened demand for feed and, combined with the US-China trade war, resulted in a significant slowdown in the global soybean trade.
Meanwhile, record US corn- and soybean-planting delays drove corn prices from three-year lows to six-year highs within a few weeks. Then, improved...
Cargill to Invest $225 Million at Facility in Sidney, Ohio
Cargill is expanding its integrated soybean crush and refined oils facility in Sidney, Ohio, to better serve area farmers and to meet growing demand for protein and refined oils.
The company will invest approximately $225 million at the Sidney site, increasing crush capacity and modernizing operations. The investment creates greater market access for farmers’ crops in the area and allows those farmers to deliver their soybeans more efficiently, as the upgraded plant will unload trucks at a much faster rate.
“Farmers are at the core of our business. This investment will help us provide them a better experience when they choose to sell their crops to us,” said Don Camden, commercial leader for the eastern region of...
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