October 28, 2015

28/10/2015: Soyatech news

Decrease in US corn and soybean net farm profits expected in 2016
Falling commodity prices, climbing input costs, and stubborn rental rates are foretelling an unprofitable 2016 for US corn and soybean cash-rent farmers, according to a University of Minnesota Extension educator.
     
Mitsui buys 50 percent stake in Non-GMO grain handler, Bluegrass Farms of Ohio Inc
Japan’s Mitsui has bought a 50 percent stake in non-GMO grain breeder and handler Bluegrass Farms in a deal worth US$15M.
      
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Image: Bindalfrodo
Asia wheat demand taking a hit as regional currencies weaken
Wheat demand in Asia is taking a hit and imports are expected to decline this year as local currencies are weakening against the dollar, according to Agrocorp.
       
India raises wheat import tax from 10 percent to 25 percent
The Indian government announced it has increased its import tax on wheat to 25 percent until March 2016 in an effort to protect the country’s domestic market.
 

ADM raises stake in Wilmar as demand for palm oil climbs
ADM has raised its stake in Wilmar International this week buying 22 percent of its shares being traded on Tuesday, October 20.

Global vegetable oil export growth to slow in 2016 – Oil World
The growth in vegetable oil exports is expected to decline moving into the 2015/16 season as supplies tighten.

Western Australia’s GM-free canola market at risk
Western Australia’s GM-Free Farmers Group warns that the region’s non-GM canola market is at risk after volunteer GM canola plants were found at five separate sites.
        
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Image: Danumurthy Mahendra
Ukraine’s poultry to oilseeds group, MHP, says dryness hurting autumn-harvested crops
Ukraine’s oilseed and poultry group, MHP, announced that yields for fall-harvested crops in the country are down this year as a result of the negative impact of dry weather in July and August. 


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