"At this point, a lot of the impact on the consumption of soybean oil has already occurred," said Anne Frick, senior oilseeds analyst with Jefferies Bache in New York.» Read More
Argentina's biodiesel manufacturers are operating at only 35 percent capacity due to European import tariffs that followed a 2012 increase in Argentine biodiesel export taxes. "All the soyoil that is not converted into making biodiesel has to be sold on the international market," said Luis Zubizarreta, head of Argentina's Carbio biofuels exporters' chamber.» Read More
Stan Ryan, Vice President at Cargill Corporate says that with markets more open now, there is less chances for a repeat of the 2008 food crisis. He explains more.
As the world’s largest importer of American agricultural products, China stands to get walloped by the drought that is ravaging US croplands. Globalpost reports.
Tom Essaye, Editor, Money and Markets says things are improving in corn & soybean markets due to hot weather concerns.
Erin Fitzpatrick, Commodity Analyst, Rabobank says that downgrades in South America Soybean crop production levels is causing the largest year-on-year decline in global output.
Oil prices have fallen sharply in the wake of the disaster in Japan as investors have shunned risk. Nymex has declined around 5 percent since last Friday's earthquake and tsunami. However, Jim Rogers, Chairman of Rogers Holdings, who has been a long-term bull on oil, thinks it's only a matter of time before the current trend reverses.
Legendary investor Jim Rogers says the bull market in commodities is "still in place" and has a "long way to go."