Oilseed markets remain on edge | China's demand for soybeans is strong, but supplies may be tight | BP abandons U.S. cellulosic-ethanol project
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October 31, 2012
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Oilseed markets remain on edge
Oilseed markets are expected, in general, to continue to be tight on supply into the 2012-13 growing year, analysts said. Europe is facing record low stocks for rapeseed, and Canada's canola harvest is disappointing and contains a lower oil content. However, the biggest driver of prices could be how the South American harvests fare next year, according to a CoBank report. Farmers Guardian (U.K.) (10/29), Grainews.ca (Canada) (10/26), Agri-Pulse.com (10/22)
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China's demand for soybeans is strong, but supplies may be tight
China is expected to import a record amount of soybeans this year, with an additional increase forecast for 2013 amid declining domestic planting and yield. However, analysts at Oil World say that tight global supply will ultimately force China to ration rather than continue increasing imports. China Daily (Beijing) (10/29), Business Recorder (Pakistan) (10/24)
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BP abandons U.S. cellulosic-ethanol project
BP is dropping its proposed $300 million cellulosic-ethanol plant project in Highlands County, Fla., to focus on "more attractive" ventures, the company said. BP unveiled plans in 2008 to build the facility, which was expected to churn out 36 million gallons of cellulosic ethanol annually. BP intends to continue running a pilot-scale cellulosic-ethanol facility in Louisiana and a research center in San Diego, as well as continue working on other biofuel projects such as its joint venture with DuPont, said company spokesman Matt Hartwig. Bloomberg Businessweek (10/25)
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Bunge posts higher profit, expects industry M&A
Bunge's earnings, revenue and agribusiness volume each rose during the third quarter, even as worries persist over the state of global supplies. Reuters (10/25), The Wall Street Journal (tiered subscription model)/Deal Journal Australia blog (10/26)
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Other News
 
Food, Nutrition & Health
Spain's olive oil boom may go bust, experts say
Spain controls nearly half the global olive oil market as rivals Italy and Greece have declined, but this year's harvest is below expectations. That could signal a larger trend, according to this analysis, as water shortages and warmer temperatures make Spain a less fertile ground for olive growing. Olive Oil Times (10/26)
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Other News
Science, Trends & Technology
Can traumatic brain injuries be battled with omega-3?
A teenager who suffered severe brain injuries and nearly died in a 2010 car accident has made significant progress in his recovery, which a doctor close to the family attributes to high doses of omega-3 fish oil. "Given that there aren't any other treatments, [using omega-3s] is a good bet," said Dr. Joseph Hibbeln of the National Institutes of Alcohol Abuse and Alcoholism. "It's really only reasonable to go forward with doing the full press of careful intervention studies." CNN (10/22), Vital Choice (10/22)
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From the Inform News Desk
JAOCS is online
Head on over to SpringerLink to view the table of contents of next month's issue of the Journal of the American Oil Chemists' Society. Talk about a wealth of topics. They range from epoxidized canola oil to the oxidative stability of enzymatically interesterified fats to the biocatalytic conversion of coconut oil. And that is only three of the 15 articles contained in the November issue.
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Songs in the key of sea
Bear with us as we try to explain the microbial bebop that is what the Argonne National Laboratory calls "songs in the key of sea." Argonne's Peter Larsen, a biologist, used music to make sense of "an avalanche" of microbial data collected from samples taken from the western English Channel. After plotting parameters such as sunlight, temperature, or the concentration of phosphorus in the water onto the musical staff, Larsen reported that he and his colleagues "were astounded by just how musical it sounded." Hear for yourself by sampling "Bloom" and "Blues for Elle."
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SmartQuote
Being inexhaustible, life and nature are a constant stimulus for a creative mind."
-- Hans Hofmann,
German-American abstract expressionist painter
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