Because of recent government action that is impacting Chinese crushing facilities across more than 11 provinces and regions, the outlook for the country's soymeal inventories is not great even though soybean shipment arrivals are expected to be significant.
Oilseeds Stepped-Up Pollution Controls Limit Crushing Activity Chinese crushing facilities continue to face reduced operating time as government authorities extend pollution controls across more than 11 provinces and regions. As noted last week, the combination of a cold winter and large amounts of particulate matter in the air forced central government authorities to enact new operating restrictions. The net result has been a slowdown in shipments of soymeal and incre...
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...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
