The landed price of imported soybeans was $422/MT last week, up $3/MT from the week before, and that combined with amother factor to bring domestic crush margins down nearly RMB 45/MT ($6.48/MT) from the previous week’s two-year high.
Oilseeds Soymeal Inventories End Slide and Exceed 400,000 MT China’s nationwide estimated soymeal inventory rose to 408,900 MT for the week ending 23 December 2016, up 74,100 MT (+14.2 percent) from the previous week. Despite the obligatory plant closures due to the widespread air pollution problems, crushers were forced to increase output where possible in order to accommodate the steady arrival of new soybean imports. Nonetheless, the estimated soymeal inventory was 1.14 MT lower (-7...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
