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Tucker Scharfenberg
Monday, October 2, 2017
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The Embassy Suites Downtown Denver, CO is the site of the 2018 IOMSA Convention, March 25-27.




2018 IOMSA Convention | March 25-27 | Denver, CO

The 2018 IOMSA Convention will be held March 25-27 at the Embassy Suites Downtown Denver, CO. The convention will be co-located with the Grain Elevator and Processing Society’s (GEAPS) Exchange 2018. While the two events are separate, they are located in adjacent buildings and are running simultaneously.  Read more

  

Industry Headlines

GM-Sourced Soybean Oil Causes Less Obesity than Conventional Oil - September 29

Long-term tests in mice indicate that a genetically modified (GM) brand of soybean oil causes less obesity and insulin resistance than conventional soybean oil, but doesn’t lead to lower incidences of diabetes or fatty liver.  The study, led by Poonamjot Deol, Ph.D., and Frances M. Sladek, Ph.D., at the University of California, Riverside, found that coconut oil, which is high in saturated fats, in fact caused fewer negative metabolic effects than either type of soybean oil, or olive oil, which is commonly perceived to be a "healthy" oil. Read more

 

Compound From Oilseeds May Be High-Value Product - September 29

 The oil extracted from ground seeds of camelina and carinata, oilseed plants from the mustard family, can be used as jet fuel. However, with oil prices at an all-time low, that is economically challenging. These promising biofuel sources may be one stop closer to reality due to extracting a substance called glucosinolate. Read more

 

North American Grains/Oilseed Review: Canola Firms in Wake of USDA Report - September 29

 The ICE Futures Canada canola market finished higher on Friday, taking strength from gains in US soybeans. The market rose soon after the USDA released a report this morning that was deemed bullish. In its quarterly stocks report, the agency pegged US soybean stocks at 301 million bushels, the number was much higher than last year but it still failed to meet analysts’ expectations. Read more

 

Global Meal Demand Seen Growing Further, USDA Oilseed Expert Says - September 28

 The USDA this week released the second largest amount of soybean sales (2.99 million metric tons) for any week of any crop year ever. The increased global demand for soybean meal used in the expanding protein diets is getting credit for the increased soybean sales. Read more

 

Perdue Agribusiness Opens Pennsylvania Soybean Processing Plant - September 26

Perdue AgriBusiness, a division of Perdue Farms, opened Pennsylvania’s first large-scale, commercial soybean processing plant, Sept. 25. The new facility is considered a highly efficient, technologically advanced, environmentally sound soybean plant, according to the company. Read more

 

SpendEdge Releases Procurement Market Research Report for Soybeans - September 25

 Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Soy Bean Procurement Market Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the agro commodities and raw materials industry. This report breaks down the data and analysis behind the strategic procurement of soy bean and acts as an all-inclusive guide for making smart purchasing decisions. Read more

 

Indian Demand Rising for Soybeans for Food and Animal Feed  - September 25

Mr. Scott Sindelar, the Minister Counselor of Agriculture Affairs at the American Embassy, New Delhi said the existing processing capacity can be utilized by importing oilseed and highlighted that India’s neighbor, Bangladesh, is buying from overseas markets. India is the fifth largest producer of soybeans in the world with production of around 10-12 million tonnes, while the United States is at the top with 120 million tonnes of output. Read more

 

Soy-based Rubber Now Being Used to Create Tires  - September 24 

A new innovation using soybean oil may one day lead to a demand for as many as two million acres of soybeans, a soybean farmer said with a big smile on his face Aug. 29. John Motter, United Soybean Board chair and farmer from Jenera, Ohio, announced soy checkoff dollars were used to help created a soy-based rubber compound which will be in new passenger vehicle tires available for the first time this fall. Read more

 

Iowa State University Receives $14 Million Toward New Feed and Grain Science Complex - September 11 

A total of $14 million is being committed by donations to support a new Iowa State University educational and research facility for feed milling and grain science. The Kent Corporation is committing $8 million, the Iowa Corn Promotion Board $4 million and Sukup Manufacturing Co. $2 million. Read more

 

Bunge Expands Value-Added Oils Business with $946 Million Acquisition - September 18 

Bunge Ltd. announced it has agreed to acquire a 70 percent majority stake in IOI Loders Croklaan (Loders) - a manufacturer of palm and tropical oil products -  from IOI Corporation Berhad (IOI) for $946 million. Read more

  

Oil Mill Gazetteer is a bi-monthly magazine for the oilseed processing industry, published on behalf of IOMSA in Decatur, IL ... 800-728-7511www.iomsa.org

 

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