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A recovery is under way in Asia, and in Europe, demand for soybean meal is rising because of a ban on bone meal in animal feed amid the scare over mad cow disease.
While satellite data and stronger law enforcement have led to a decline in deforestation in the Amazon rainforest, the Cerrado, a savannah that covers more than one-fifth of Brazil, has experienced ongoing deforestation due to the expansion of soy agriculture, led by demand for soybean to produce feed for factory-farmed animals.
Management is citing weak demand for soybean meal and oil, as well as unfavorable exchange rates.
The SoySeq-Atlas presented here provides a valuable resource for understanding the subtle nuances of the soybean genome and will allow scientists to generate the technological advances in legume agriculture that are required to meet the increasing demand for soybean products.
In 2011, 25% of the acreage used for US production of corn grain was devoted to ethanol fuel production based on the historic corn yield for the year and accounting for replacement of soybean oil with the reduced demand for soybean production.
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The deal will enable Bunge, which is based in White Plains, to create a processing capacity in Europe, where demand for soybean-based livestock feed has risen since the epidemic of mad cow disease.
Both are considered critical to global efforts to fill the soaring demand for soybeans in China and India.
Soybeans rose to the highest price since 1973, when Russia began an import program that created a new source of demand for soybeans from the United States.
Prices for corn, soybeans and other crops have soared in recent years because of a mix of factors, including advanced farming technology, a federal ethanol mandate that consumes about a third of the nation's corn and Chinese demand for soybeans.
John Dodson, president of the American Soybean Association, said the weak dollar meant soybean growers would have to pay more overseas for supplies like fertilizer and machine parts, and he worried that there was a limit to the demand for soybeans worldwide, even if they were cheaper to foreign consumers.
In 2011 it became the world's largest importer of agricultural products, powered by its demand for soybeans, a feedstock for pigs.But China's openness to soy contrasts with the barricades it erects around what it deems to be key foods.
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