China’s domestic corn prices showed some volatility last week between northern and southern provinces as deep corn processors in the latter lacked sufficient supply. Meanwhile, producers in the northeast continue to suffer low returns as prices remain depressed. The mismatch had an impact across all regions. Oilseeds Soymeal Inventories Finally Reverse Course Since the week ending 12 August, China’s estimated total soymeal inventory had consistently fallen until the week ending 21 October when it showed an increase of 75,700 MT (+17.11 percent) from the previous week to 518,100 MT. However, that total was 190,000 MT lower (-26.83 percent) against the same week in 2015. In the north and east regions, soymeal inventories climbed to 93,800...
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...
From WPI Consulting
Illuminating the value of technical research
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