Tag: Soy

China Scoops Up American Soy After Brazil’s Surprise Tax Change

(Bloomberg) — A surprise tax change in Brazil, the world’s largest soybean exporter, is prompting Chinese buyers to snatch up US supplies. Most Read from Bloomberg Importers in China, the top commodities buyer, purchased at least 208,000 tons of soy since the change was announced last Tuesday, according to data from the US Department of […]

Indiana student receives ASA/BASF soy scholarship

May 27—Addie Gauck of Greensburg, Indiana, is the recipient of the 2024-25 Soy Scholarship award, sponsored by the American Soybean Association and BASF. The ASA/BASF Soy Scholarship is a $7,000 award presented to an exceptional high school senior who excels in both academic and leadership roles and who plans to pursue a degree in an […]

Argentina soy farmers wait on rising prices to sell rain-drenched crop

By Maximilian Heath PERGAMINO, Argentina (Reuters) – In the fields of Pergamino in Argentina’s grain heartland, farmer Adrian Farroni is revving up his soybean harvest late, delayed by rains that along with low prices have led to the country’s slowest soy sales in a decade. The South American country’s slow pace selling the oilseed could […]

Brazil soy output at top farm state may drop 15% amid torrential rains

By Ana Mano and Roberto Samora SAO PAULO (Reuters) – The outlook for soy production in one of Brazil’s biggest farm states is deteriorating quickly after heavy rains disrupted harvesting with about a quarter of fields left to reap from in Rio Grande do Sul. The situation has dampened farmer sentiment in Brazil’s southernmost state, […]

With Soy and Lithium Trade in the Balance, Argentina’s Milei Has a China Conundrum

By Lucinda Elliott, Joe Cash and Maximilian Heath BUENOS AIRES/BEIJING (Reuters) – Argentina’s President-elect Javier Milei has a China conundrum. The libertarian economist insulted communist-run China in a fiery campaign, but takes office on Sunday needing the country’s second-largest trade partner more than ever as a recession looms and foreign currency reserves run dry. Since […]