Oilseeds Soymeal Inventory Holds Steady The feed market found new footing in the past week as demand from hog producers began picking up steam. Soymeal sales were higher as a result, and crushers have responded by boosting utilization rates back to above the 50 percent threshold. Thus, China’s nationwide estimated soymeal inventory totaled 1.156 MMT as of 25 May 2018, up 4,800 MT (0.4 percent) from the previous week but down 146,800 MT (-11.3 percent) versus the same week in 2017. The week-on-week increase was essentially due to growing inventories in the East region and Guangxi, which rose 29,300 MT to 622,300 MT and 13,000 MT (+14.94 percent) to 100,000 MT, respectively, last week.
Imported Soybean Inventory Remained Unchanged...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
