The growing demand for renewable fuels has flipped the script on soybean value, with soybean oil now driving soybean crushing in the United States. What's next for this evolving market? Presented by @cmegroup https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight ...

Group 1 - The U.S.-China trade war has negatively impacted Argentina's soy crushing industry despite a six-year high in overall soybean sales [1] - Idle capacity at Argentina's crushing facilities rose to 31% in July, indicating a growing issue for local processors [2] - The trade conflict has resulted in fewer jobs and lower export value for Argentina's oilseed industry, according to industry leaders [3] Group 2 - Exports of unprocessed soybeans from Argentina have surged to 8.81 million metric tons for the 2024/25 harvest, driven by strong demand from China [4] - China, as the largest soybean customer, is purchasing raw beans to process domestically, with a significant portion of Argentina's harvest still unsold [5] - The future of Argentina's bean exports is uncertain and heavily dependent on the developments in U.S.-China trade relations, particularly with a trade waiver expiring in November [5]