With the landed price of imported soybeans climbing for the second consecutive week to an average $443/MT, the crushing margin fell to RMB 235/MT ($34.64/MT), However, other factors also helped drive that margin downward.
Oilseeds Soymeal Inventories Climb for Fourth Straight Week Stepped-up crushing activity by the major oilseed companies continued to push China’s soymeal inventories higher through the week ending 13 January 2017 to a total 763,600 MT, up 77,800 MT (+11.34 percent) from the previous week and a gain of 206,900 MT since the end of December. With the steady arrival of imported soybean shipments in late December and early January, the major crushers have had to boost utilization rates even though feed demand...
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...
