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 = $.37 * 11 = 4.07 = If the price of soybeans is $12.21/bu The crushing margin is $ 1.54/bu
World Soybean Production 2007 Million Bushels Million Metric Tons.. United States2, Brazil2, Argentina1, China India Paraguay Canada992.7 Other Total8,
Soybean Production and Trade Brazil and Argentina
Factors that have influenced soybean production and trade in South America
Factor #1 World Demand for high protein meal and vegetable oil has increased dramatically. In 1966 total soybean complex exports was about 10 Mil Mt Today it is about 122 Mil Mt
Factor #2 USA crop land base is rather fixed. The increase in soybean production has come at the expense of other crops.
Brazil still has considerable land that could be brought into production.
Factor #3 Brazil and Argentina had an economic incentive to increase export crop production. Economic development and debt repayment takes hard currency – soybeans generate money
Factor #4 Brazil embarked on a research program to develop soybean varieties that were suited for the climate and, daily and seasonal light patterns.
Factor #5 The US soybean embargo of 1973.
The embargo shook the our importers confidence in the United States as a reliable supplier of food. Particularly Japan The Japanses-Braziliam Cooperation Program for the Development of the Cerrados