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Argentina is on track to regain its position as the largest soy meal exporter in 2023-2024, with its soybean crop – which has nearly doubled in size – starting to be harvested, but the country faces increasing competition from Brazil and the US for global market share, Fastmarkets understands.
The recent shift is supported by the country’s increased biodiesel blending mandate and there are moves to raise it further in the coming years
As the Intercontinental Exchange launches the first RBD soybean oil futures contract, David Becker explains the advantages of having an exchange-traded derivative and how this will help protect against price volatility
The project also creates a traceability system for all diesel cycle fuels to help ensuring the quality of the fuels
Brazil’s agricultural exports soared in the first week of March, which underscores the country’s pivotal role in global food supply
Brazil’s food agency, Conab, has reduced its soybean and corn output forecasts due to adverse weather conditions impacting crop development,
The domestic soybean oil market in Brazil has seen higher bid prices due to solid biodiesel demand
There has been an increase in daily volumes compared to last year, although wheat exports are slightly down, according to sources
According to customs data, the country’s soybean shipments reached 2.3 million tonnes in the first two weeks of October
Fastmarkets’ forecast of future output and prices