With the Mid-Autumn Harvest Festival in close proximity and the National Day scheduled to run through the first week of October, market data has been limited for this week. However, one factor is impacting soybean imports this month as well as in November.
Holiday Week Chinese National Day This past weekend launched the official observance of Chinese National Day on 1 October 2016. This public holiday recognizes the founding of the People’s Republic of China in 1949. With that scheduled to run through the first week of the month and the Mid-Autumn Harvest Festival in close proximity, market data has been limited for this week. Oilseeds Soymeal Prices Rise As of 30 December, the estimated nationwide soymeal inventory totaled 50...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
