China's domestic soybean crush rate is estimated to have fallen below 45 percent during the week of 3 November due to the limited volume of soybean shipments in recent months. The dwindling soymeal stocks are in turn driving up the price nationwide. Dwindling Supply Drives up Soymeal Price China's domestic soybean crush rate is estimated to have fallen below 45 percent during the week of 3 November due to the limited volume of soybean shipments in recent months. The tightened soybean supply has forced some crushers to suspend operations, and dwindling soymeal stocks are driving up the price nationwide. According to ChinaJCI data, the soymeal price reached an average $588/MT last week, up nearly $20/MT month-to-month. Looking forward, prod...
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What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...