China's average domestic corn price remained steady at RMB 1,670/MT ($245.23/MT) last week, but that market is facing mounting pressure with more state-reserved stocks hitting the auction block and the downward price trend of another commodity.
Oilseeds Soymeal Inventories Continue to Climb, Reach 16-Month High China’s estimated soymeal inventory continued its climb and reached 1.3029 MMT as of 26 May, a 75,500 MT (+6.2 percent) increase from the previous week and its highest level since the start of February 2016 when the total was 1.35 MMT. (Correction: We erroneously stated in last week’s report that the inventory had reached a level not seen since mid-September 2015.) It was also 690,300 MT higher (+112.7 perce...
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...
