One particular price development helped hold the crushing margin in China relatively steady last week as the average return came in at RMB 76/MT ($11.40/MT), a slight decrease of RMB 9/MT ($1.35/MT) from the week prior.
Oilseeds Soymeal Inventory Falls for Second Consecutive Week China’s estimated soymeal inventory totaled 1,186,900 MT as of 18 August 2017, a decrease of 115,300 MT (-8.9 percent) from the previous week but up 388,800 MT (+48.7 percent) compared with the same week a year ago. A drop in the volume of soybean imports versus the nearly 18 MMT that entered China during June and July as well as a nice surge in soyoil prices helped bring down the supply.At the regional level, estimated soymeal inventories droppe...
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...
