With the Mid-Autumn Harvest Festival in close proximity and the National Day scheduled to run through the first week of October, market data has been limited for this week. However, one factor is impacting soybean imports this month as well as in November.
Holiday Week Chinese National Day This past weekend launched the official observance of Chinese National Day on 1 October 2016. This public holiday recognizes the founding of the People’s Republic of China in 1949. With that scheduled to run through the first week of the month and the Mid-Autumn Harvest Festival in close proximity, market data has been limited for this week. Oilseeds Soymeal Prices Rise As of 30 December, the estimated nationwide soymeal inventory totaled 50...
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...
