While last week’s imported soybean price of $432/MT was a $1/MT improvement from the previous week, the average crush margin on those imports fell to RMB 382/MT ($55.36/MT), a decline of RMB 35/MT ($5.07/MT) from the week prior. The outlook for that margin will depend on several developments.
Oilseeds Soymeal Inventories Sink Further as Crushing Activity Falls Stepped up environmental controls by China’s State Council and the Ministry of Environmental Protection have resulted in a greater number of crushing facilities suspending operations. With wintery temperatures in the high 20s (F) throughout northern China and in the low 40s (F) around Shanghai, air pollution has become quite pronounced in the past few we...
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...
