Despite a decline in the landed price of imported soybeans to $425/MT last week from $435/MT the previous week, the crush margin remained under significant pressure. At an average RMB 217/MT ($32/MT), the margin gains from the fall were completely erased, driven mainly by one factor.
Oilseeds Soymeal Inventories Hit Highest Level Since Mid-August China’s estimated soymeal inventories reached 866,600 MT as of mid-February, the highest total since 12 August 2016. The average utilization rates of China’s major soybean crushers have remained relatively high since the New Year celebrations concluded, particularly compared with this past December and early January when pollution controls were put into effect. On the deman...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
