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World Soybean News 08.04.2015

World Soybean News 08.04.2015

08.04.2015

US. Changes in weather patterns have been eating into the profits made by soybean farmers, causing $11 billion worth of losses over the past 20 years, according to researchers from the University of Wisconsin-Madison. This massive loss has been hidden, in effect, by the impressive annual growth seen in soybean yields thanks to other factors.

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Argentina's "bubble" in soybean inventories, which farmers have been building as a hedge against a depreciating peso, "will begin to break" in 2015-16, fuelling a rise in exports, Argentine growers had some 14.0m tonnes of soybeans in store as of the end of last month, up 25% year on year, according to the US Department of Agriculture bureau in Buenos Aires.

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India exported 6.46 lakh tonnes of soybean meal in FY15, registering a decline of 77.25% over the previous financial year (2013-14), when soybean meal exports were 28.41 lakh tonnes. The figures were released by Soybean Processors Association of India (SOPA) on Wednesday.





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