While last week’s imported soybean price of $432/MT was a $1/MT improvement from the previous week, the average crush margin on those imports fell to RMB 382/MT ($55.36/MT), a decline of RMB 35/MT ($5.07/MT) from the week prior. The outlook for that margin will depend on several developments.
Oilseeds Soymeal Inventories Sink Further as Crushing Activity Falls Stepped up environmental controls by China’s State Council and the Ministry of Environmental Protection have resulted in a greater number of crushing facilities suspending operations. With wintery temperatures in the high 20s (F) throughout northern China and in the low 40s (F) around Shanghai, air pollution has become quite pronounced in the past few we...
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...
