International Soybean Market

03-Jun-2025 08:44 AM

International Soybean Market
★ According to the NASS report, 202 million bushels of soybeans were crushed in the U.S. in April, which is 2.11% lower than in March but 14% higher than in April 2024. Soybean stock declined by 5%.
★ In the week ending May 29, the U.S. is expected to export 270,000 tonnes of soybeans — 35% higher than the previous week but 25% lower than the same week last year.
★ Major buyers included:
China: 65,000 tonnes
Bangladesh: 57,000 tonnes
Mexico: 35,000 tonnes
★ Total soybean exports for the current season have reached 44.6 million tonnes, which is 10% higher than the same period last year.
★ Brazil’s AgRural agency has raised soybean production estimates by 1.3 million tonnes to 169 million tonnes, which matches USDA figures.
★ StoneX estimates production at 168.29 million tonnes.
~~~~~~~~~~~~~~~~
Domestic Soybean Market (India)
★ Soybean prices remain under pressure.
★ Crushing demand has weakened, leading to reduced consumption.
★ Last week, the Indian government increased the duty difference between crude and refined edible oil imports, impacting market sentiment.
★ Lower import duties benefit oil millers, but negatively affect traders and farmers.
★ In the future, crude oil imports may rise more than refined oils, which could further affect demand for domestic soybeans.