Maersk volunteers recently joined forces at Little Sugar Creek, NC, removing 4,139 lbs of trash — including 99 tires! 💪
Over 5 years our volunteers have removed a total of: ✅ 19,690 lbs ✅ 291 tires
Big thanks to @CRFRiverkeeper for partnering with us to protect waterways! 💙
Construction starts on ‘cat-flap’ barge access at France’s largest container port - Splash247
Construction is underway on an ambitious engineering project dubbed the cat-flap to give barge access to Le Havre’s outer port. The $203m construction consists of a 1,800 m channel which will soon be…
https://t.co/z61U5l8670
Soybean Production Down, Prices Steady: USDA Report
Washington D.C. – The USDA released its latest Crop Production report, revealing a downward revision to the 2024 U.S. soybean production estimate. Lower yields and harvested acreage contributed to this 95 million bushel decrease, bringing the total to 4.36 billion bushels. Despite this adjustment, the seasonal average soybean price is projected to remain unchanged at $10.20 per bushel.
The report also highlighted global challenges, with reduced oilseed production forecasts for several key countries. Lower rapeseed yields in India, Russia, and Uruguay, coupled with decreased soybean production in Russia and China, contributed to this decline. However, increased sunflowerseed production in Russia and higher cottonseed output in China and Australia partially offset these losses.
Domestically, U.S. soybean crush for the first quarter of the 2024/25 marketing year (September-November) surpassed the previous year by 6%, reaching 612.3 million bushels. This strong performance, driven by record-high daily crush volumes in November, has led to increased soybean meal and oil production forecasts.
U.S. soybean oil exports are projected to increase significantly, driven by lower world supplies of palm oil, rapeseed oil, and sunflowerseed oil, making U.S. soybean oil more competitive in the global market.
The report also provided updates on other oilseeds. Canola production is reduced due to lower yields, while sunflowerseed production faces significant declines due to lower harvested acreage and yields.
Globally, oilseed crush is forecast to increase due to higher soybean, cottonseed, and sunflowerseed crush, partially offset by lower rapeseed crush. This increased crush activity will lead to higher global oilseed meal and oil production and consumption.
The report concluded with a special article on U.S. soybean meal exports, highlighting their significant growth in the 2023/24 marketing year. Factors contributing to this growth include increased U.S. soybean crush capacity, driven by the demand for soybean oil in biomass-based diesel production, and tighter soybean meal supplies from Argentina. The report projects continued growth in U.S. soybean meal exports in the 2024/25 marketing year, driven by competitive U.S. prices and increasing global demand.
Disclaimer: This is a summary of the USDA report and may not include all details.
Mexican President Andrés Manuel López Obrador is vowing to lead an international effort to combat what he considers censorship by social media companies that have blocked or suspended the accounts of President Donald Trump. https://t.co/pRAsuBRWK6