Post on 15-Dec-2015
SOYBEANS
Soybeans were domesticated in China
High in protein
38 % protein
Soybeans
38 % protein18 % fats and oils
Soybeans
38 % protein18 % fats and oilsgreatest food use in Orient
Soybeans
38 % protein18 % fats and oilsgreatest food use in OrientUSA #1 producer, BRAZIL #2
Soybeans
38 % protein18 % fats and oilsgreatest food use in OrientUSA #1 producer, Brazil #2World's greatest source of vegetable oil
Soybeans
85% of crop in USA goes into food for human and livestock consumption
Soybeans
85% of crop in USA goes into food for human and livestock consumption
15% for industrial uses
Soybeans
15% for industrial uses
Fuel
Soybeans
15% for industrial uses
glue
Soybeans
15% for industrial uses
glueenamels
Soybeans
15% for industrial uses
glueenamelslinoleum
Soybeans
15% for industrial uses
glueenamelslinoleumink
Soybeans
15% for industrial uses
glueenamelslinoleuminksoap
THE CRUSH:
SOYBEAN MEALSOYBEAN OIL
60 LBS OF BEANS IN A BUSHEL
ABOUT 44 LBS OF MEALABOUT 11 LBS OF OIL
About 5 lbs of waste
IF THE PRICE OF MEAL IS $440/TON AND THE PRICE OF OIL IS $ .37/LB
THEN THE VALUE OF THE PRODUCT IS
$440/2000 * 44 = 9.68+$ .37 * 11 = 4.07 = 13.75
If the price of soybeans is $12.21/bu The crushing margin is $ 1.54/bu
1975
/76
1976
/77
1977
/78
1978
/79
1979
/80
1980
/81
1981
/82
1982
/83
1983
/84
1984
/85
1985
/86
1986
/87
1987
/88
1988
/89
1989
/90
1990
/91
1991
/92
1992
/93
1993
/94
1994
/95
1995
/96
1996
/97
1997
/98
1998
/99
1999
/00
2000
/01
2001
/02
2002
/03
2003
/04
2004
/05
2005
/06
2006
/07
2007
/08
2008
/09
2009
/10
30000
35000
40000
45000
50000
55000
60000
65000
70000
75000
80000
Acres Planted (1000 acres)
Acres Harvested (1000 acres)
1962
1964
1966
1968
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
Soybean Acres and Oat Acres
Oats
Soybeans
0
5
10
15
20
25
30
35
40
45
50
Soybean Yield
1975
/76
1976
/77
1977
/78
1978
/79
1979
/80
1980
/81
1981
/82
1982
/83
1983
/84
1984
/85
1985
/86
1986
/87
1987
/88
1988
/89
1989
/90
1990
/91
1991
/92
1992
/93
1993
/94
1994
/95
1995
/96
1996
/97
1997
/98
1998
/99
1999
/00
2000
/01
2001
/02
2002
/03
2003
/04
2004
/05
2005
/06
2006
/07
2007
/08
0
200
400
600
800
1000
1200
1400
1600
1800
2000
Exports (Million Bushels)
Feed, Seed, and Residual Use (MIllion Bushels)
Crush (Million Bushels)
US Soybean Use
1975
/76
1976
/77
1977
/78
1978
/79
1979
/80
1980
/81
1981
/82
1982
/83
1983
/84
1984
/85
1985
/86
1986
/87
1987
/88
1988
/89
1989
/90
1990
/91
1991
/92
1992
/93
1993
/94
1994
/95
1995
/96
1996
/97
1997
/98
1998
/99
1999
/00
2000
/01
2001
/02
2002
/03
2003
/04
2004
/05
2005
/06
2006
/07
2007
/08
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Soybean Exports as a Percent of Total Use
World Soybean Production 2007
MillionBushels
MillionMetric Tons
. .
United States 2,585 70.4
Brazil 2,241 61.0
Argentina 1,727 47.0
China 525 14.3
India 342 9.3
Paraguay 257 7.0
Canada 99 2.7
Other 301 8.2
. .
Total 8,077 . 219.8
. .
Soybean Production and Trade
Brazil and Argentina
Factors that have influenced soybean production and trade in
South America
Soybean Production
0
10
20
30
40
50
60
70
80
90
Year
Mil
Mt United States
Brazil
Argentina
Soybean Production
0
20
40
60
80
100
120
19
86
/87
19
87
/88
19
88
/89
19
89
/90
19
90
/91
19
91
/92
19
92
/93
19
93
/94
19
94
/95
19
95
/96
19
96
/97
19
97
/98
19
98
/99
19
99
/00
20
00
/01
20
01
/02
20
02
/03
20
03
/04
20
04
/05
Year
Mil
MT
United States
Brazil & Argentina
Soybean Exports
0
5000
10000
15000
20000
25000
30000
35000
Year
10
00
MT
US
Brazil
Argentina
Soyean Exports
0
5000
10000
15000
20000
25000
30000
35000
Year
10
00
MT
USA
Brazil and Argentina
Factor #1
World Demand for high protein meal and vegetable oil has
increased dramatically.
In 1966 total soybean complex exports was about 10 Mil Mt
Today it is about 122 Mil Mt
Factor #2
USA crop land base is rather fixed. The increase in soybean
production has come at the expense of other crops.
US Crop Acres
0
50,000
100,000
150,000
200,000
250,000
300,000
Year
1000
Acr
es
Barley
Oats
Sorghum
Wheat
Soybeans
Corn
53.5 16.7
43.475.2
Brazil still has considerable land that could be brought into
production.
Factor #3
Brazil and Argentina had an economic incentive to increase
export crop production.
Economic development and debt repayment takes hard currency –
soybeans generate money
Factor #4
Brazil embarked on a research program to develop soybean
varieties that were suited for the climate and, daily and seasonal
light patterns.
Factor #5
The US soybean embargo of 1973.
The embargo shook the our importers confidence in the United
States as a reliable supplier of food.
Particularly Japan
The Japanses-Braziliam Cooperation Program for the Development of the Cerrados