After weeks of steady increases, China’s nationwide estimated soymeal inventory declined slightly last week to 1.35 MMT from 1.39 MMT the week before as falling prices helped stimulate demand. Oilseeds Soymeal Inventories Level Off After Month-Long Surge After weeks of steady increases, China’s nationwide estimated soymeal inventory declined slightly last week to 1.35 MMT from 1.39 MMT the week before. Despite this leveling off, last week’s volume was 720,000 MT higher than the same week in 2014. The falling prices for soymeal since mid-October helped stimulate demand over the past two weeks, thus pushing down excess supply a bit. Among the surveyed regions, only Guangxi and Fujian saw their inventories rise last week with the former in...
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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