China’s Soybean Crush Increasing as Power Rationing Ends For the last several weeks many Chinese soybean processors were forced to shut down because of government decrees rationing electrical power. However, the power rationing has now ended, and the processors have been able to operate their plants at full capacity. As a result, the amount of soybeans processed in the country has begun to increase. China’s National Grains and Oil Information Center (CNGOIC) today indicated the amount of soybeans crushed in the week ending 7 November increased for the second consecutive week to 2.07 MMT. That was an increase of 170,000 MT over the previous week and the largest in 10 weeks. It also was 230,000 MT above the previous three-...
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What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...