Archive for the soybeans Tag
US Soy Is Helping Global Aquaculture Become More Sustainable
The US Soybean Export Council has just published an article on its International Soy in Aquaculture Program. The USSEC has been working to increase the use of soy products in farmed fish feed initially in China. The price of soy was proven to be a more affordable alternative to fishmeal and fish oil. As the aquaculture industry grew, the program's focus expanded to other global regions and farmed species.
In the past 15 years, soy has emerged as the most widely used alternative protein to fishmeal in farmed fish diets. Soy's complete nutritional and amino acid profile works well in aquaculture feeds.
Fornazor International is a 40 year old trader of agricultural commodities. Our company is based in New Jersey, USA.
For competitive prices on soybean meal, contact Fornazor International at [email protected]
U.S. To Pay Farmers $4.7 Billion to Offset Trade Conflict Losses
US to spend $4.7B to aid farmers
Soybean farmers will be the primary beneficiaries of a $4.7 billion program to offset trade losses, The Wall Street Journal reports. The U.S. Department of Agriculture will make payments to the farmers under the program, which is intended to counter the impact of Trump administration tariffs and counter-tariffs by other countries, especially China. The USDA will:
- Make $3.6 billion in payments to soybean farmers
- Buy up to $1.2 billion of food from farmers
- Spend $200 million on trade promotion
Starting Sept. 4, the USDA’s Farm Service Agency will administer a program to provide payments to corn, cotton, diary, hog, sorghum, soybean and wheat farmers. Soybean farmers will get the bulk of the money, $3.7 billion. Pork producers will get $290 million, while cotton farmers will receive $277 million.
The Wall Street Journal reported this story on August 27th 2018. Story is available by subscription to the WSJ.
America and China’s Tarriff Trade War Begins
At 12:01 am on July 6th, the US/ China trade war officially began.
In an article from the New York Times,
"A trade war between the world’s two largest economies officially began on Friday morning as the Trump administration followed through with its threat to impose tariffs on $34 billion worth of Chinese products, a significant escalation of a fight that could hurt companies and consumers in both the United States and China.
The penalties, which went into effect at 12:01 a.m., prompted quick retaliation by Beijing. China said it immediately put its own similarly sized tariffs on an unspecified clutch of American goods. Previously, the Chinese government had said it would tax pork, soybeans and automobiles, among other goods."
For the full article, go to:
www.nytimes.com/2018/07/05/business/china-us-trade-war-trump-tariffs.html
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Wall Street Journal: The Trade War’s First Casualties
On June 23rd, the Wall Street Journal reported "investors are likely to get hit before the U.S. and Chinese economies feel the pain, meaning the trade feud could escalate."
"The U.S. has already put tariffs on steel and aluminum and will add a 25% tariff on $50 billion in Chinese imports starting next month. China is matching the U.S. tariff for tariff. These actions have sent U.S. steel prices higher and U.S. soybean prices lower."
Two Nations Move Closer to a Trade War
Today, The American Feed Industry Association has updated its members on the US/ China potential trade war.
In part, AFIA's International Trade and Pet Food Committee stated in mid June, the US announced its intent to impose two sets of tariffs on $50 billion of Chinese goods in response to China's unfair trade practices related to the "forced transfer of American technology and intellectual property theft" pursuant to Section 301 of the Trade Act of 1974. China has since announced retaliatory 25% tariffs on a selection of U.S. goods. Subsequently, in response, President Trump ordered the US Trade Representatives to identify $200 billion worth of Chinese goods for an additional 10% tariffs.
The first set of US proposed tariffs on Chinese goods are set to take effect on July 6th.
China's first list of tariffs on US goods will also be implemented on July 6th.
Pet food is listed on the Chinese list of US products that will be subject to 25% tariff. The tariff is currently 4%.
Import duty will also be raised on US soybeans.
It is hoped that the US administration and the Chinese government will be able to come to a favorable settlement in time to avoid these tariffs.
Soybeans on the Rise While Corn Drops Due to World Supply Gain Cuts
The price of soybeans seems to be trending upward following speculation on corn exports during the final two months of 2011. Corn fell to a two-month low on the speculation that the global production is rising and reduced overseas demand for the crop from the U.S. The country is still the world's largest export of corn, although, soybeans are on the rise.
Continue ReadingFornazor back home from Soyatech’s Soy & Grain Trade Summit
From October 31, 2011 – November 2, 2011 members of Fornazor International, Inc. attended the 4th annual Soyatech Soy and Grain Trade Summit, which was held in St. Louis, MO at the St. Louis Grand Hyatt. This annual event brings together some of the top names in the industry for informative and educational tours, discussions, and networking opportunities.
Continue ReadingFornazor International traders are in St. Louis for the Soy & Grain Trade Summit!
Traders from Fornazor International are in St. Louis today exhibiting at the Soy & Grain Trade Summit, which is being held at the Hyatt Regency St. Louis at the Arch and runs from October 31st through November 3rd. The focus of this year's Soy & Grain Summit is to offer strategies for sustainable growth in agricultural production, processing, and transportation worldwide.
Continue ReadingSoybeans, Soy Hulls and Soy Hull Pellets: A Beneficial Rudiment Animal Feed Ingredient
With an increasing demand for organic and healthy ingredients, soybeans have risen into the spotlight over the last few years; however, soybeans and their byproducts have been known in the animal feed realm for centuries.
The soybean is a species of legume native to East Africa and has multiple uses including:
- animal feed
- soy milk
- tofu
- tofu skin
- soy sauce and more
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