One significant factor is going to raise operating costs for the deep corn processing industry in China's northern and northeastern regions, and that will likely force the sector to raise prices as corn demand remains strong.
Oilseeds Soymeal Inventory Climbs Again China’s nationwide soymeal inventory totaled an estimated 1,124,600 MT as of 7 July 2017, up 40,500 MT (+3.6 percent) from the previous week and 319,200 MT higher (+39.63 percent) than one year ago. Downstream demand has improved recently, and imported soybean stocks and shipments remain high. Interestingly, there were decreases in all regions except the East and Fujian where estimated inventories rose 59,900 MT (+12.5 percent) to 538,900 MT and 4,200 MT (+10.4...
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...
