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SOYBEANS. Soybeans were domesticated in China. High in protein 38 % protein. Soybeans 38 % protein 18 % fats and oils. Soybeans 38 % protein 18 % fats and oils greatest food use in Orient. Soybeans 38 % protein 18 % fats and oils greatest food use in Orient
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High in protein 38 % protein
Soybeans 38 % protein 18 % fats and oils
Soybeans 38 % protein 18 % fats and oils greatest food use in Orient
Soybeans 38 % protein 18 % fats and oils greatest food use in Orient USA #1 producer, BRAZIL #2
Soybeans 38 % protein 18 % fats and oils greatest food use in Orient USA #1 producer, Brazil #2 World'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 glue enamels
Soybeans 15% for industrial uses glue enamels linoleum
Soybeans 15% for industrial uses glue enamels linoleum ink
Soybeans 15% for industrial uses glue enamels linoleum ink soap
THE CRUSH: SOYBEAN MEAL SOYBEAN OIL
60 LBS OF BEANS IN A BUSHEL ABOUT 44 LBS OF MEAL ABOUT 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
Factors that have influenced soybean production and trade in South America
Factor #1World Demand for high protein meal and vegetable oil has increased dramatically.In 1966 total soybean complex exports was about 10 Mil MtToday it is about 122 Mil Mt
Factor #2USA crop land base is rather fixed. The increase in soybean production has come at the expense of other crops.
16.7 53.5 75.2 43.4
Brazil still has considerable land that could be brought into production.
Factor #3Brazil and Argentina had an economic incentive to increase export crop production.Economic development and debt repayment takes hard currency – soybeans generate money
Factor #4Brazil embarked on a research program to develop soybean varieties that were suited for the climate and, daily and seasonal light patterns.
The embargo shook the our importers confidence in the United States as a reliable supplier of food.Particularly JapanThe Japanses-Braziliam Cooperation Program for the Development of the Cerrados