The average producer’s prices for soymeal and soyoil increased RMB 3/MT ($0.44/MT) to RMB 2,710/MT ($400.3/MT) and RMB 114/MT ($16.84/MT) to RMB 5,909/MT ($872.82/MT), respectively. However, that did not have a positive impact on crushers' margins.
Oilseeds Soymeal Inventories Climb Again as Demand Weakens A combination of uncertainty about downstream demand and the steady influx of imported soybean shipments pushed soymeal inventories higher once again. As of 23 June, the country’s estimated total was 1,202,400 MT, up 83,300 MT (+7.4 percent) from the previous week and 563,200 MT higher (+88.1 percent) than one year ago. At the regional level, most of the increase occurred in the east where estimated soymeal invent...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
