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SOYBEANS

SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

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Page 1: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

SOYBEANS

Page 2: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybeans were domesticated in China

Page 3: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

High in protein

38 % protein

Page 4: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybeans

38 % protein18 % fats and oils

Page 5: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybeans

38 % protein18 % fats and oilsgreatest food use in Orient

Page 6: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybeans

38 % protein18 % fats and oilsgreatest food use in OrientUSA #1 producer, BRAZIL #2

Page 7: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybeans

38 % protein18 % fats and oilsgreatest food use in OrientUSA #1 producer, Brazil #2World's greatest source of vegetable oil

Page 8: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybeans

85% of crop in USA goes into food for human and livestock consumption

Page 9: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybeans

85% of crop in USA goes into food for human and livestock consumption

15% for industrial uses

Page 10: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybeans

15% for industrial uses

Fuel

Page 11: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybeans

15% for industrial uses

glue

Page 12: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybeans

15% for industrial uses

glueenamels

Page 13: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybeans

15% for industrial uses

glueenamelslinoleum

Page 14: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybeans

15% for industrial uses

glueenamelslinoleumink

Page 15: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybeans

15% for industrial uses

glueenamelslinoleuminksoap

Page 16: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

THE CRUSH:

SOYBEAN MEALSOYBEAN OIL

Page 17: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

60 LBS OF BEANS IN A BUSHEL

ABOUT 44 LBS OF MEALABOUT 11 LBS OF OIL

About 5 lbs of waste

Page 18: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

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

Page 19: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein
Page 20: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

1975

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30000

35000

40000

45000

50000

55000

60000

65000

70000

75000

80000

Acres Planted (1000 acres)

Acres Harvested (1000 acres)

Page 21: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

1962

1964

1966

1968

1970

1972

1974

1976

1978

1980

1982

1984

1986

1988

1990

1992

1994

1996

1998

2000

2002

2004

2006

-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

Soybean Acres and Oat Acres

Oats

Soybeans

Page 22: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein
Page 23: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

0

5

10

15

20

25

30

35

40

45

50

Soybean Yield

Page 24: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

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0

200

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1000

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1400

1600

1800

2000

Exports (Million Bushels)

Feed, Seed, and Residual Use (MIllion Bushels)

Crush (Million Bushels)

US Soybean Use

Page 25: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

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0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

Soybean Exports as a Percent of Total Use

Page 26: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

World Soybean Production 2007

MillionBushels

MillionMetric Tons

. .

United States 2,585 70.4

Brazil 2,241 61.0

Argentina 1,727 47.0

China 525 14.3

India 342 9.3

Paraguay 257 7.0

Canada 99 2.7

Other 301 8.2

. .

Total 8,077 . 219.8

. .

Page 27: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybean Production and Trade

Brazil and Argentina

Page 28: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Factors that have influenced soybean production and trade in

South America

Page 29: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybean Production

0

10

20

30

40

50

60

70

80

90

Year

Mil

Mt United States

Brazil

Argentina

Page 30: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybean Production

0

20

40

60

80

100

120

19

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/02

20

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20

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/04

20

04

/05

Year

Mil

MT

United States

Brazil & Argentina

Page 31: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soybean Exports

0

5000

10000

15000

20000

25000

30000

35000

Year

10

00

MT

US

Brazil

Argentina

Page 32: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Soyean Exports

0

5000

10000

15000

20000

25000

30000

35000

Year

10

00

MT

USA

Brazil and Argentina

Page 33: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

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

Page 34: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Factor #2

USA crop land base is rather fixed. The increase in soybean

production has come at the expense of other crops.

Page 35: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

US Crop Acres

0

50,000

100,000

150,000

200,000

250,000

300,000

Year

1000

Acr

es

Barley

Oats

Sorghum

Wheat

Soybeans

Corn

53.5 16.7

43.475.2

Page 36: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Brazil still has considerable land that could be brought into

production.

Page 37: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

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

Page 38: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Factor #4

Brazil embarked on a research program to develop soybean

varieties that were suited for the climate and, daily and seasonal

light patterns.

Page 39: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

Factor #5

The US soybean embargo of 1973.

Page 40: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein

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

Page 41: SOYBEANS. Soybeans were domesticated in China High in protein 38 % protein