New shipment arrivals have helped restore the drop-off in imported soybean stocks that occurred through the first three weeks of March. As with soymeal inventories, imported stocks should continue to rise as April approaches, but two variables may cause them to increase at a faster rate.
Oilseeds Soymeal Inventories Recover Slightly China’s estimated soymeal inventory totaled 804,100 MT as of 17 March, up 30,800 MT (+3.98 percent) from the previous week but 341,900 MT lower (-29.83 percent) than a year ago on the same date. This follows two consecutive weeks of decreases, including a sharp drop during the second week of March. Among all the regions, only inventories in Shandong Province and northern China declined, fallin...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
