Strong demand from the feed industry last week had a notable impact on China's estimated soymeal inventories, reversing a trend from the past three weeks that saw totals catching up with 2014 figures. Oilseeds Soymeal Inventories Fall below 1 MMT Threshold Courtesy of strong demand from the feed industry, China's estimated soymeal inventories fell 31,600 MT last week to 980,000 MT, a 3.13 percent drop from the previous week. That total is also 191,600 MT lower (-16.37 percent) than the same week a year ago, reversing a trend from the past three weeks that saw current inventories catching up with 2014 figures. Among the surveyed regions, last week's estimated soymeal inventories rose to 148,000 MT (+0.6 percent), 107,600 MT (+16.23 percen...
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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