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: 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...
