Archive for April, 2014

Tuesday, April 22, 2014 @ 06:04 PM
posted by Administrator

Its time for you to make your reservations at the Sandestin Golf and Beach Resort for our upcoming 2014 Southern Feed and Grain Convention. The dates for the convention are July 27-30, 2014. Click this link to download a Housing Request Form or Register Online with this link.

The cut-off date for making your reservations at our contracted rate is June 24. You will be receiving your reservations forms for the Convention in a few days. The planning committee has a great group of speakers as well as special entertainment for our Tuesday night banquet. You will not want to miss out !

Tuesday, April 15, 2014 @ 10:04 AM
posted by Administrator
APRIL 15, 2014

The pace of soybean exports from the U.S. and South America probably will slow through the end of the season as Chinese demand declines because of ample stockpiles, Oil World said.

Combined exports from Brazil, Argentina and the U.S. will be 45.09 million metric tons from April through September, less than the 46.86 million tons shipped in the same period last year, the Hamburg-based researcher said in an e-mailed report. Exports will slow after 50.73 million tons of soybeans were shipped in the first half of the season that started Oct. 1, according to the report.

Soybeans on the Chicago Board of Trade, a global benchmark, rallied 13 percent this year as U.S. stockpiles tightened amid increasing demand from China in the first half of the season. Chinese importers may have defaulted on at least 500,000 tons of soybeans recently after failing to get access to credit, Oil World said. Slowing demand previously spurred China to cancel some soybean purchases from South America, Oil World has said.

“The strong dependence on demand from China is currently having repercussions on soybean producers and exporters,” Oil World said. It is “likely that soybean demand will suffer temporarily from the large soybean stocks accumulated in China and other importing countries in recent months.”

U.S. soybean stockpiles will be 135 million bushels at the end of the 2013-14 season, 6.9 percent below a previous estimate and less than reserves of 141 million a year earlier, the U.S. Department of Agriculture said April 9. U.S. exporters sold 44.6 million tons this season through April 3, about 4 percent more than the USDA projects shipments will reach for the entire year, raising speculation that some sales will be canceled.