Oilseeds

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EU soy output to hit record high

By Jane Byrne

Soy output in the EU-27 is projected to reach 3m tons this season, an all-time high, and an increase of 33% against 2022.

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Gene editing wars: Experts warn FSA is misleading public

By Jane Byrne

Campaigners representing UK business, farming, certification, academia, and science have lodged a complaint against the UK’s Food Standards Agency (FSA), raising concerns about its public consultation process on precision bred organisms for use in animal...

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Agri-commodity market trends

IGC forecasts 7% jump in global soybean output

By Jane Byrne

World soybean production for 2023-2024 is forecast to expand by 7% year on year (y/y) to a record of 395 million tons, chiefly linked to bigger crops in South America, notes the latest update from the International Grains Council (IGC).

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New commodity carbon accounting approach adds up

By Lynda Searby

By combining land conversion data and trade statistics, start-up, AdAstra, claims to have come up with a way of calculating carbon emissions from deforestation for commodities such as soy and corn with greater accuracy.

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ForFarmers sees increase in gross profit

By Jane Byrne

ForFarmers' financial results for Q3 2023 show a recovery of underlying EBITDA. While sales volumes declined compared to the same period in 2022, they were roughly equal to Q2 this year.

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Bunge reveals value of CJ Selecta acquisition

By Jane Byrne

Bunge disclosed the value of the CJ Selecta deal during its call with analysts following the company’s Q3 2023 earnings release last week. It is paying out around US$600m to acquire the Brazilian manufacturer and exporter of soy protein concentrate (SPC).

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OSHA cites ADM for explosion at Decatur plant

By Jane Byrne

The US Department of Labor claims that to Archer Daniels Midland (ADM) failed to carry out inspections and testing of equipment, resulting in an explosion and injuries to employees at one of its facilities.

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WASDE: Drop in corn and soybean prices

By Jane Byrne

Corn and soybean prices fell after USDA estimates for US supplies were larger than markets had expected, but wheat failed to rise on a deep cut to world inventory hopes, finds CRM Agri.

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Sorghum: time for a revival?

By Lynda Searby

Sorghum is an 'underutilized' grain but could be a sustainable and nutritional addition to animal diets, whilst also benefiting grower economics through lower input costs than corn, according to Sorghum United.