William I. Tierney, Jr. PhD’s Post

The reduction is largely due to declines in key imports such as corn (-45.4%), soybean meal (-34.7%), and wheat (-37.3%).

The reduction is largely due to declines in key imports such as corn (-45.4%), soybean meal (-34.7%), and wheat (-37.3%).

🇧🇷 #Brazilian #soybean #exports halved in November 2024 Secex data shows that Brazilian soybean exports continued to decline in November: the total exports in November amounted to 2.55 mln tons, while in November last year, the country exported 5.2 mln tons of beans. The average daily volume of soybean exports in November amounted to 134 thsd tons, which is 50.9% less than in the same period last year. Revenues from soybean exports in November amounted to $1.11 bln compared to $2.73 bln for the whole of November last year. The average export price of beans was 17% lower than in the same period last year. According to Agrocounsult forecasts, the soybean harvest in Brazil in 2024-2025 will be a record 172.2 mln tons, while the state agency Conab also expects a record 166.1 mln tons. Read more 👉 http://surl.li/sddcmz

China soybean situation: China is the world’s largest importer of soybeans, continues to increase its purchases, which has already led to a surplus in the domestic market and a drop in prices for soybean meal and oil. Therefore, in the coming months, soybean imports may decline significantly, which will negatively affect exports from the United States. According to the General Administration of Customs (GACC), in June, China increased in comparison with May soybean imports from Brazil by 2.2% to 9.72 million tons, which exceeds 9.51 million tons imported in June 2023. For 6 months of 2024, China imported from Brazil 34.4 million tons of soybeans, which is 16.1% higher than the corresponding figure in 2023 and is a record value for this period. Brazil is ahead of the United States in soybean supplies to China, providing 70% of oilseed imports.

China faces a soybean oversupply due to record-high purchases and subdued animal feed demand, leading to declining prices for soyoil and soymeal. China is the world's largest soybean importer, accounting for over 70% of global trade, with soybean imports mainly driven by crushing for feed production. This surplus threatens to reduce China's imports during the peak U.S. marketing season, further depressing prices already at four-year lows. Slow economic growth and weak meat demand, especially for pork, exacerbate the situation. Despite record-high July imports, mainly from Brazil, crush margins are deeply negative, with processors in Rizhao losing over 600 yuan per ton. Auctions by state stockpiler Sinograin have seen low participation, with only 21% of soybeans sold. China's agriculture ministry predicts a drop in soybean consumption for 2024/25. With Brazil now the top supplier, U.S. soybeans face additional market challenges. www.capfixasia.com #RJ #Soybean #China #Brazil #US #CapFiX #Agricommodity #HealthcarePPE

Mr. Nirav Desai (GGN Research) said Argentina has reduced export taxes on soybeans, soybean oil, subproducts, wheat, barley, corn, and sunflower seeds, a move expected to intensify pressure on the already oversupplied global market. This unexpected decision is likely to further depress prices for soybean oil, palm oil, and particularly soymeal. The lower export tax makes Argentine soymeal more competitive internationally, adding significant challenges for Indian soymeal exporters.

5️⃣ POINTS TO WATCH for 13 Jan 2025: 📍Ukraine exported 23.3 MMT of grain in 2024/25 MY as of 13 Jan. 📍South Korea’s MFG booked two corn cargoes in a tender on 10 Jan at 235.73 USD/MT and 245.49 USD/MT. 📍Safras & Mercado raised Brazil’s 2024/25 soybean production to 173.71 MMT, up from Sep 171.78 MMT. 📍China's soybean imports surged to a record high in 2024 as buyers rushed to secure supplies amid concerns over escalating U.S.-China trade tensions. 📍Private exporters reported sales of 198 KMT of U.S. soybeans for delivery to China in 2024/25 MY. 🔍 Find in-depth market overviews, futures, and Black Sea prices in the ASAP Premium Reports 👉 https://lnkd.in/diKMAUgC. #ASAPAgri #ASAPPremium #AtriaBrokers #wheat #corn #soybean

*Argentina announced a reduction in export duties on soybeans and related products from January 27 to June 30, 2025. Soybean duties drop from 33% to 26%, while soybean meal and oil decrease from 31% to 24.5%, boosting export competitiveness.* Market today by Abdul Hameed 24/1/25

The U.S. soybean export program is indeed facing significant challenges, especially with declining demand from China, which has historically been the largest buyer of U.S. soybeans. The critical shipping window from September to December is vital for securing sales before South America’s harvest comes into play. With China’s record imports from Brazil leading to reduced bookings of U.S. soybeans at levels not seen in 20 years, the U.S. market could struggle to maintain its export volumes. #denzellogistics

The U.S. soybean export program is indeed facing significant challenges, especially with declining demand from China, which has historically been the largest buyer of U.S. soybeans. The critical shipping window from September to December is vital for securing sales before South America’s harvest comes into play. With China’s record imports from Brazil leading to reduced bookings of U.S. soybeans at levels not seen in 20 years, the U.S. market could struggle to maintain its export volumes. #denzellogistics