중국 대두 인사이트

The soybean quotation for the current contract at CME-Group recorded a 1.55% increase last week, closing with an average of US$ 10.72 per bushel. The advance was supported by the expectation of growth in biofuel production in the United States, which could raise demand for the oilseed's crushing in the country. The information is contained in the weekly analysis by the Mato Grosso Institute of Agricultural Economics (Imea), released this Monday (23).

In April, China announced a plan to reduce soybean meal content in animal diets to 10% by 2030 compared to 13% in 2023, as the ongoing trade war with the United States intensifies Beijing's need to strengthen food security. According to China's Ministry of Agriculture, soybean meal accounted for 17.9% of animal feed in 2017. According to Reuters calculations and estimates from two analysts, if successful, China could reduce annual soybean imports by approximately 10 million metric tons, equivalent to half of its soybean purchases from the US worth $12 billion in 2024, which would lower demand from US farmers and Brazil's largest supplier. According to farmers, nutritionists, and analysts, while China's leading pig producers have reduced soybean meal usage and may achieve further reductions by using alternative protein sources, small producers are likely to face cost constraints and greater sensitivity to animal growth impacts. China contains half of the world's total pig ...

Soybean futures declined from June 6 to June 12. Over the week, soybeans declined by 9.40 cents to 1,042.2 cents per bushel. Since the agricultural sector was not included in the agreement between China and the United States, the question of demand from China remains open. Favorable weather in the US soybean growing regions has