The average domestic corn price in China retreated even further in the first week of December, dropping RMB 11/MT ($1.60/MT) to RMB 1,689/MT ($245.50/MT) as farmers stepped up the pace of selling new crop. On the processing side, however, cornstarch and ethanol prices did not follow that trend.

  Oilseeds Updated Soymeal Inventories Show Significant Decrease After a week of delays, data for the final week of November was released. The update shows a significant decrease in China’s estimated nationwide soymeal inventory after two consecutive weeks of minor upticks. The total fell 180,200 MT (-30.54 percent) from 18 November to 409,800 MT on 28 November, down 942,700 MT (-69.7 percent) from one year ago. In the north, Sh...