China’s domestic corn market remained solid last week despite ongoing pessimism over the quality of the auctioned state-reserve corn. There are only two issues keeping prices and demand for those stocks yet to be offered from falling further.
Oilseeds Soymeal Inventories Climb Significantly for Second Week China’s estimated soymeal inventory reached 800,800 MT at the end of April, an increase of 81,500 MT (+11.3 percent) from the previous week. That total was also 8.07 percent higher than 736,800 MT at the end of March and up 26.73 percent from 631,800 MT at the end of April 2016. Estimated soymeal inventories rose across all regions with the biggest week-on-week upticks of 17,300 MT (+14.8 percent), 13,100 MT (+21...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
