Although China’s yuan continued to gain ground on the U.S. dollar, last week’s landed price of imported soybeans rose $5/MT to $402/MT. The average producer prices for both soymeal and soyoil also staged modest recoveries, but what is the outlook?
Oilseeds Soymeal Inventories End May with Another Surge China’s estimated soymeal inventory reached 1,385,200 MT as of 2 June, a week-on-week increase of 82,300 MT (+6.2 percent) and 676,400 MT higher (+112.7 percent) than the total for the same week in 2016. In the past month alone, it rose by more than 474,000 MT (+52.05 percent). The estimated soymeal inventories grew across all regions with the largest weekly gains in the North and East, which saw increases of 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...
