Oilseeds Soymeal Inventory Ends 2017 With Fourth Straight Weekly Increase China’s nationwide estimated soymeal inventory continued to rise for four straight weeks, reaching 924,300 MT as of 29 December. This amounts to a weekly increase of 32,500 MT (+3.6 percent) and a two-week expansion of 118,100 MT (+14.6 percent). The total was also 367,600 MT (+66 percent) higher than the same week in 2016. At the regional level, inventories dropped in just two areas, falling 6,100 MT (-18 percent) to 27,700 MT in North China and 15,200 MT (-13.4 percent) to 98,600 MT in Shandong Province. This was the third consecutive week of a decrease in the former and the second week for the latter as inventories everywhere else continued to climb.
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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...
