As China continued to intervene in its currency market, the cost of imported soybeans fell by $2/MT to $404/MT last week. Meanwhile, changes in the average producer’s prices for soymeal and soyoil also had a notable impact on crush margins.
Oilseeds Soymeal Inventories Reach Highest Level Since Fall 2015 China’s estimated soymeal inventory reached 1,227,400 MT as of 19 May 2017, an increase of 98,600 MT (+8.7 percent) from the previous week and 659,700 MT more (+116.2 percent) than a year ago at the same time. Equally important, inventories are at their highest level since mid-September 2015. They grew across all regions with the biggest gains occurring in the North and Shandong Province, while the Northeast h...
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...
