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Category: Soybean

Corteva and Bunge partner to enhance protein in soybean meal for feed production, join Chevron in canola collaboration

USA- Leading crop protection company, Corteva Inc, and Bunge, a global commodity trader, have partnered to sustainably enhance amino acids in soybean meal for the feed industry, especially for poultry, swine, and aqua feed. This multi-year partnership will allow the companies to develop and commercialize soybean varieties that enable feed manufacturers to use fewer synthetic additives. These varieties will also…

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Soy oil demand drives Brazillian soybean crush forecast to 51.5 MMT: USDA

BRAZIL- Domestic demand for soy oil drove the Brazillian soybean crush forecast to 51.5 million metric tons (MMT) for 2022/23, according to the United States Department of Agriculture (USDA).  The USDA raised its projection for Brazil’s domestic soybean oil consumption to 7.83 MMT in MY 2022-23, from 7.5 million in the previous year. From the projected soybean crush, the forecast…

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Plant genetics company GDM to launch new GM- soy seeds in South Africa

SOUTH AFRICA – Argentina -based plant genetics company, GDM, is planning to  to launch 13 genetically modified (GM) soy plant varieties in South Africa, Agriculture News SA has reported. Founded over 40 years ago, GDM is a global plant genetics company focused on developing, commercializing, and distributing agricultural products. According to Thiago Schwonka, GDM’s  Africa, Asia, and Europe business leader,…

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Global Soybean meal market to reach US$94.2 billion by 2031: Allied Market Research

GLOBAL- The global soybean meal industry is anticipated to generate US$94.2 billion by 2031, witnessing a CAGR of 4.9% from 2022 to 2031, according to Allied Market Research. The report, “Soybean Meal Market by Nature …, by Sales Channel…: Global Opportunity Analysis and Industry Forecast, 2021-2031“, was published last month. According to the report, the global soybean meal industry generated…

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Cargill to maintain legacy of recently acquired Owensboro Grain Company

USA- Family-run American global food corporation, Cargill intends to keep the practices and traditions that have made Owensboro Grain successful for more than a century as they integrate the acquisition into the Cargill family. Last month, Cargill completed the acquisition of 116-year-old Owensboro Grain Company, which has grown from a small grain merchant founded in 1906 to operating a fully…

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Epitome Energy to build new soybean crushing facility in North Dakota

USA- Epitome Energy, a developer of value-add agricultural processing opportunities, chose Cappello Global, LLC as its exclusive investment banker as they seek funding alternatives for a soybean crushing facility in Grand Forks, North Dakota. Epitome Energy is investing US$418 million towards the construction, and operation of a soybean crushing plant, aimed at addressing the region’s limited processing options. The plant…

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Argentina soybean production to underperform in 2023 due to prevailing drought: USDA

ARGENTINA- The world’s top soybean exporter, Argentina, is expected to perform dismally in the 2022-2023 marketing year due to the prevailing drought in the country and the rest of South America.  According to the United States Department of Agriculture (USDA), Argentina has been experiencing the worst drought in the last six decades, forcing farmers to delay their planting of this…

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Bunge credits bumper harvest, strong meal and oil demand for outstanding full-year performance

USA- Bunge, one of the world’s largest agricultural commodities suppliers, has credited large soy and canola crops in North America and robust meal and oil demand for outstanding performance in 2022. The demand for soy and other meat alternatives has been soaring globally in response to the shift in dietary habits for health reasons and increased awareness and concern for…

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GM Foods debate: Mexico scraps plan to ban GM corn for animal feed, Pakistan ban on GM soybean affects imports

MEXICO – Mexico has scrapped a deadline to ban genetically modified corn for animal feed and industrial use amid trade tensions with the United States but retained plans to prohibit the use of the grain for human consumption.   According to a statement by the Economy Ministry, the move, approved in a government decree, eliminates January 2024 as the date…

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Strong soy crush margins, global demand boost Bunger’s Bunge Q4 profits

USA – Agricultural commodities trader, Bunge Ltd recently reported its fourth-quarter profit, recording adjusted earnings of US$3.24 per share against the predicted US$3.22 per share, according to data from Refinitiv. The net sales totaled US$16.66 billion in the fourth quarter, compared with US$16.68 billion a year earlier. The Chesterfield, Missouri-based company attributed its higher-than-expected profit to robust soy crushing margins…

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