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: 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...
