China has set a goal of expanding its biofuel portfolio, not only to absorb the massive corn reserves but also to diversify its energy platform. However, it faces several challenges in achieving this, including one in particular as noted by industry observers.
Oilseeds Soymeal Inventories Fall Again as Meal Price Improves China’s estimated soymeal inventory totaled 711,500 MT through 7 April, down 25,200 MT (-3.42 percent) from the previous week and 366,200 MT lower (-34 percent) than the same week in 2016. Among all regions, the most significant decreases occurred in the Northeast and Guangxi where the volumes dropped 24,300 MT (-62.5 percent) to 14,600 MT and 102,400 MT (-61.13 percent) to 65,100 MT, respectively. Impo...
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 big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
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...
