Based on conversations with traders this past week, the average landed prices in China for U.S. DDGS have been RMB 1,400-1,450/MT ($221.20-229.10/MT). They noted inventories of these particular stocks have remained high, which should put even more pressure on China’s domestic corn. Oilseeds Soymeal Prices Holding Firm Following Autumn Holidays With the conclusion of the National Day holiday last week, the reported estimated soymeal inventories were below the pre-holiday figures. At 887,800 MT, last week’s total is 92,200 MT lower than at the end of September and 236,400 MT less than the same week in 2014. As noted previously, about half of China’s soybean crushing facilities were idle during the holiday. However, utilization rates actual...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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