Argetina Soy Yields Up -Protein Down Results In Price Fall


Argentine soy losing protein content, prices may fall

SOURCE : REUTERS

Exporters lower promised protein content in contracts

* Genetic technology good for soy yields, not protein

* Lower soy protein could make U.S. meal more competitive

By Hugh Bronstein

Image taken from agriculture.com

The protein content of Argentine soybeans has fallen and is not expected to recover, pointing toward lower soy meal prices ahead and prompting the country’s export companies to amend their standard soymeal contract to reflect the change.

The reason for the slouch in protein varies from new weather patterns to the emphasis that farmers have put on genetically altered (GMO) technology focused on increasing yields at the expense of bean content, sources said on Tuesday.

The South American grains powerhouse is the world’s No. 1 exporter of soy meal cattle feed, used throughout Europe and as far away as China to fuel Asia’s booming demand for beef steak.

Traders say the fall in protein could harm Argentine meal prices and make U.S. meal more competitive on the world market.

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YIELDS UP, PROTEIN DOWN

Argentina is the world’s top exporter of soy oil, used in the booming international bio fuels sector, as well as the No. 3 supplier of soy beans.

The country has embraced GMO technology as a way of increasing soy bean harvest size, leaving the protein content of new varieties of beans a secondary concern even though this is an important factor when judging the quality of soy meal.

Hughes, the Buenos Aires farmer, said lack of crop rotation, as Argentine farmers choose to plant soy instead of wheat and corn in order to avoid export curbs the government places on those two crops, is another trend that goes against high soybean protein.

A source at one major trading company with operations in Argentina confirmed that Argentina is seeing a structural reduction of the protein content of soy beans.

“This points to lower prices going forward for Argentina soy meal,” said the source, who asked not to be named.

“One reason for the reduction in protein is the increase in extreme weather we’ve seen, going more frequently from floods to drought and back again,” the source said. “Another is the new genetically engineered yield-oriented soy varieties are lower on protein content, even though yields are higher.

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2 Responses to Argetina Soy Yields Up -Protein Down Results In Price Fall

  1. Yang Donohue says:

    No es un tema difícil, como tal, pero esto es bastante complejo y confuso. Me alegro de que usted ha representado tan bien en su trabajo aquí.

  2. Grazie, ma devo dire che ci sono alcune cose che io non sono d’accordo con. Grazie

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