Soybean crushers in Brazil are running low on soybeans as they face tougher competition from Chinese buyers over the remaining 2017-2018 season supplies. A Bloomberg report says crushers in Brazil worked with negative margins since the second half of September. The pace of processing has slowed since the soy rally has doubled premiums this year, putting a squeeze on domestic …
Record Number of Soybean Processing Facilities Under Construction
As global demand for soybeans increase, so does the need for soy processing facilities. Reuters points out that U.S. agricultural cooperatives are building new soybean crushing plants at the fastest rate in two decades. That comes as U.S. farmers again are predicted to plant a record number of soybean acres next year. U.S. processors are expected to open plants with …
Goodyear Using Soybean Oil-Based Rubber in Tires
The Goodyear Tire & Rubber Company is harvesting some unique “seeds” of innovation as it introduces a new tire technology with support from the United Soybean Board (USB). The first commercial use of a new soybean oil-based rubber compound is helping Goodyear enhance tire performance in dry, wet and winter conditions. A Goodyear team of scientists and engineers created a …