Although China's landed price of imported soybeans fell $2/MT to $411/MT last week as the national inventory climbed slightly, another factor pushed the domestic crush margin back into negative territory.
Oilseeds Soymeal Inventories Surge Again in Early May China’s estimated soymeal inventories have already reached our forecast of 900,000-925,000 MT by June (see Ag Perspectives, 10 May). They surged 110,300 MT (+13.8 percent) in the first week of May to 911,000 MT for a total increase of 199,500 MT (+28.03 percent) since the first week of April. As of 5 May, they were also 279,200 MT (+44.19 percent) higher than the same week a year ago. The inventories rose across all regions, but the Northeast and the North led the way...
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...
