Two developments last week caused China's estimated average crush margin to rise sharply to RMB 108/MT ($16.20/MT), an improvement of RMB 111/MT ($16.66/MT) from the previous week.
Oilseeds Soymeal Inventory Rises for Fifth Consecutive Week China’s national estimated soymeal inventory extended its pattern of growth from July into the first week of August, rising to a total 1,412,300 MT as of 4 August. That was an increase of 58,000 MT (+4.3 percent) from the last full week of the previous month and 377,500 MT (+36.5 percent) higher than the same week in 2016. For the second week in a row, soymeal inventories rose across all regions with the exceptions of the North and Guangdong Province, which saw declines of 12,300 MT (-...
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...
