Entering the fourth week of the current round of state-reserved corn auctions, total sales of over 10 MMT have exceeded market expectations. Meanwhile, there are two factors that are likely continuing to push up those sales, at least in the short run.
Oilseeds Soymeal Inventories Soar Past 1 MMT Threshold For the second consecutive week, China’s estimated soymeal inventory blew away our monthly forecast that it would reach the 1 MMT threshold toward the end of May or the beginning of June. Because of surges across all regions, however, a weekly increase of 217,800 MT (+23.9 percent) pushed the total to 1,128,800 MT as of 12 May. This is the first time the inventory has surpassed 1 MMT since the beginning of August 2016. E...
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...
