U.s. Soybean Exports Will Face High Domestic Soybean Purchasing And Storage Problems

Because of strong demand in China and other countries

, the latest USDA Crop Forecast Report (April 10) show that U.S. soybean exports for 2008/2009 will reach a record 12.1 billion bushels (1 bushel equals about 27 kg), approximately combined 32.67 million tons, the planting area will reach a record 76 million acres.

U.S. soybean exports surge of momentum in the Chinese Customs statistics, imports of soybeans have been evident in the data, the Department April 10 released data show that in March this year, China imported 3.86 million tons of soybean. Chinese oil network, said in March last year soybean imports surge 66.6% over the same period. China's imports in 2008 totaled 37.44 million tons of soybean, of which the United States accounted for 40% of the soybean.

The impact of soybean in cheap imports, the industry sources, China's major soybean producing areas in the northeast of the 6 million tons to digest purchasing and storage will be a headache, because the momentum is maintained if the soybean imports in recent two years are will be difficult to achieve Selling at Proper Price.

U.S. soybean import surge

U.S. Department of Agriculture said the 2007/2008 year, U.S. soybean exports totaled 31.6 million tons. Large stocks of U.S. soybean exports to the sharp decrease, from December 1, 2008 of 2.757 billion bushels, down to March 1, 2009 of 1.302 billion bushels. USDA expects U.S. soybean exports will surge in the planting area reached a record 76 million acres, while the 2007/2008 year, U.S. soybean acreage to 75.7 million acres.

Apart from the significant growth in the number of U.S. soybeans continues to maintain the price advantage of domestic soybeans. U.S. Department of Agriculture is expected to be driven by significant increase in exports, the U.S. soybean market price per bushel from 8.85 U.S. dollars ~ 9.85 U.S. dollars rose to 9.25 ~ 10.05 U.S. dollars, equivalent to 1.20 ~ 1.30 yuan per catty, the price is still well below Domestic soybean prices.

Purchasing and storage problems

October 2008 to January of this year, the state has three main producing areas in the northeast of soybean temporary purchasing and storage, purchasing and storage price of 1.85 yuan per catty, total to reach 6 million tons. According to regulations, purchasing and storage of 600 million tonnes of soybeans for sale Selling at Proper Price introduced the principle that the basis of 1.85 yuan per catty, add some storage and transportation costs.

93 Tianren Li and the Chinese oil group general manager, general manager Liu Zhaofu soybean were on the CBN network, told reporters that if soybean imports remained at 1.20 ~ 1.30 yuan per catty prices, the state purchasing and storage of soybean can be no more than the price of 1.85 yuan per catty sold.

Liu Zhaofu said: "The soybean price cycle is generally 5 years, the second half of 2007, soybean prices in the first half of 2008 rose period, is now in decline in the overall interval, before the spring of 2011, U.S. soybean prices to rebound hard. Oil prices is still low and corn (information market) do not make a profit of biofuels, the United States was the original land corn soy diverted, if oil prices, corn acreage increased soybean acreage reduction, it may encourage soybean prices rebounded sharply , domestic soybean prices are likely to flush. "

Tianren Li said: "The State Reserve 6 million tons of soybean Selling at Proper Price is not possible, the price of 1.85 yuan per catty no one want to sell, the price is much higher than the soybean imports, unless the United States a major cause of natural disasters reduced soybean supply, large price up; there is the domestic soybean acreage this year, a significant reduction, the soybean market prices may also rise to the national savings level of 1.85 yuan per catty. "

If the state purchasing and storage of soybeans in 1 to 2 years can not be achieved Selling at Proper Price, followed by a storage problem, how much soy will be loss. Who work in the granary, did the soybean manager Liu Zhaofu description: "The state purchasing and storage of soybeans 1 to 2 years can not sell, will not rot in grain storage in, if the strict control of purchasing and storage of soybeans at 13% moisture ~ 13.5% level, soybeans, up to 3 years shelf life, better if the storage conditions, storage of 5 years is possible. storing capacity is not a problem, in addition to purchasing and storage of soybean in Heilongjiang, but also purchasing and storage of maize, rice and grain storage can not let go, can be transported to soybean Shandong, Hebei, many of these areas of soybean processing enterprises, storage capacity is also large. "

6 million tons of soybean storage will also accumulated a lot of money, which Liu Zhaofu that is not a big problem. According to the purchasing and storage price of 1.85 yuan per catty calculation, purchasing and storage 6 million tons of soybean at least 11 billion yuan of funds, Liu Zhaofu said that the State 4 trillion economic stimulus package than invest 11 billion yuan to ensure the benefits and soybean farmers is not that much.

by: wowo

POST COMMENT

Abb Elected "global Elite Leadership Training Enterprise" Various types and Benefits of Purchasing Annuities A Global Information Network Review That Isn't Ridiculous Sim Free Mobile Phone- Get Going Global Ford India To Make Global Models, Not India Specific Cars How Good Or Bad Are International Container Shipping Rates Car Shipping In All America Globally Recognised Mba Degree Cirrus is the best and most reliable global private charter aircraft provider Ps3 Break Released - Global First Experience Of Ps3 Break Dongle How the Energy You Use Contributes to Global Warming Success Rates Of Frozen Embryo Transfer,cryo Shipping,vitrification Process WeNetProfits (WNP) Global Business Opportunity