In Argentina, La Politica Online reported that the Paraguayan Chamber of Oilseed and Cereal Processors (Cappro) considered that a greater industrialization of soybean in the country would be essential. Of the 11 million tons of soybeans harvested in the last crop cycle, Paraguay only industrialized 25%, according to the report. Cappro’s general manager, Sandra Noguera, […]
In Illinois, WCIA reported that the Illinois Soybean Association (ISA) stated that Illinois farmers produced 688 million bushels of soybeans in 2024. This beat the state’s previous record of 666.75 million bushels, which was set in 2018. The Illinois Soybean Association said, “exceptional yields” and a record “harvested acreage,” helped contribute to the record number […]
In Brazil, Portal do Agronegocios reported that Brazil’s soybean exports are projected to reach 107 million tons in 2025, marking an 8% increase from the 98.8 million tons exported in 2024. The data was released by consultancy Safras & Mercado, which presented the sector’s supply and demand estimates. This forecast represents a revision compared to […]
In Argentina, Bichos de Campo reported that the Buenos Aires Grain Exchange has begun to cut their forecast for the 2024/25 Argentine soybean harvest due to the damage caused by the drought. The new estimate indicates that 49.6 million tons of soybean will be harvested so far this year, a figure one million less than […]
In Brazil, Noticias Agricolas reported that Brazil’s soybean production is expected to reach a record 170.72 million tons in 2024/25, up 15.6% from the previous season, according to Hedgepoint Global Markets. In a report, the consultancy estimated a soybean planted area of 47.54 million hectares this season, also pointing to a new record, while average […]
In Thailand, The Nation reported that the volume of burnt sugarcane during the 2024-25 harvest season is expected to decrease by more than 10% compared to the previous year, with the target set at a 25% reduction, due to several incentives. An official of the Office of the Cane and Sugar Board (OCSB) said that […]
In Paraguay, EFE reported that soybean production in Paraguay exceeded 11 million tonsfor the first time in the 2023-2024 harvest, according to the Paraguayan Chamber of Exporters and Traders of Cereals and Oilseeds (Capeco), which forecasts a lower result for 2025 due to a possible impact of drought on these crops. In addition, the export […]
In Oklahoma, Comstock announced that its subsidiary, Comstock Fuels Corporation executed an agreement with Hexas Biomass, securing exclusive rights to Hexas’ intellectual properties in liquid fuels applications, subject to certain pre-existing agreements and relationships. Comstock Fuels delivers advanced lignocellulosic biomass refining solutions that set industry benchmarks for production of renewable Bioleum fuels at market-leading […]
In Argentina, Infobae reported that Argentine Economy Minister Luis Caputo announced that the government will lower the taxes on the main agricultural exports until June. The government confirmed that export duties on soybean exports will be temporarily lowered from next January 27 until the end of June, from 33% to 26% Export duties for soybean […]
In New York, Morning Ag Clips reported that the Ohio Soybean Association (OSA) commended the U.S. Department of the Treasury for the release of new guidance surrounding the 45Z biofuel tax credit. The guidance addresses key aspects of biofuel production and outlines the eligibility criteria for claiming the credit, benefiting soybean farmers by further strengthening […]
