The average domestic corn price in China retreated even further in the first week of December, dropping RMB 11/MT ($1.60/MT) to RMB 1,689/MT ($245.50/MT) as farmers stepped up the pace of selling new crop. On the processing side, however, cornstarch and ethanol prices did not follow that trend.
Oilseeds Updated Soymeal Inventories Show Significant Decrease After a week of delays, data for the final week of November was released. The update shows a significant decrease in China’s estimated nationwide soymeal inventory after two consecutive weeks of minor upticks. The total fell 180,200 MT (-30.54 percent) from 18 November to 409,800 MT on 28 November, down 942,700 MT (-69.7 percent) from one year ago. In the north, Sh...
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...
