China's state corn purchase program for temporary reserves was estimated at around 83.4 MMT as of 30 April, a significant change from last year. Meanwhile, subsidies for corn processors in Heilongjiang and Jilin Provinces were finalized last week. Oilseeds Soymeal Inventories Declined Again Last Week Last week's estimated soymeal inventories for China's major crushers dropped to 705,000 MT, a decrease of 10.8 percent (85,300 MT) from the week before. Overall, the total is now down 67.5 percent compared with the same week in 2014. Unlike previous weeks, all of the surveyed areas experienced declines this time. In north and northeast China, the estimated inventories decreased by 18.85 percent and 8.94 percent to 12,800 MT and 88,100 MT, re...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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