Today’s USDA/WASDE report included several changes of pertinence to the oilseeds sector. Meanwhile, one particular development will challenge South American planting intentions next season. Key Oilseed Items from Today’s WASDE Report Today’s USDA/WASDE report included several changes of pertinence to the oilseeds sector. Almost all were bearish, and the most significant were among the following.U.S. Domestic Market
U.S. soybean ending stocks for 2016/17 were raised 10 million bushels to 445 million bushels due to a drop in domestic use by a similar amount. The midpoint of domestic soybean prices was reduced by 5 cents to $9.55/bushel. U.S. domestic use of soyoil for food, feed and other industrial products was decreased by 350 millio...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
