Oilseeds - Oilseeds

Soy: excessive heat and parasites give rise to concerns

August 25, 2023 at 2:00 PM , Der AUDITOR
Play report as audio

BRASÍLIA/BRUSSELS. While the US heat dome is driving up US soybean futures, a parasite has gained quite a bit of attention in Brazil’s Mato Grosso state. EU soybean imports have finally started to pick up.

Parasite with high damage potential

With large parts of the US being exposed to a heat dome during the crucial blooming phase soybean futures have surged in Chicago. The race is also on with Brazil in terms of exports. Official Chinese customs data shows that soy shipments from the US rose by 10.8% to 19.85 million mt in January-July. Shipments from Brazil even rose by 12.2% to 38.90 million mt. Total US soybean exports also ranged 8% lower than last year at 51.50 million mt as of 20 August.

The parasite Aphelenchiodes besseyi is causing some concern in Braz

View related articles

Go to the News Overview
Feb 23, 2024
BRUSSELS. Exporters in Ukraine fear that the Red Sea crisis will render wheat shipments to Indonesia more expensive. Opinions are divided over Argentina’s corn crop. China can afford to wait for soy, but frost may considerably damage the country’s rapeseed crop.
Feb 22, 2024
SOFIA/KYIV. The farmers' protests in Poland continue to hinder the flow of Ukrainian agricultural goods. All parties involved are in favour of a solution that protects Polish growers but also maintains trade.
Feb 22, 2024
NEW DELHI. The current tender from South Korea has been finalised. Indian exporters had to come to terms with the fact that, despite high expectations, they had no chance against the competition.
Feb 21, 2024
CHRUDIM. The final crop data is to be announced next week, market players expect corrections compared to previous estimates.