China’s average domestic corn price rose RMB 14/MT ($2.03/MT) to RMB 1,632/ MT ($237.20/MT) last week, driven by tight supplies of new corn and several other factors.
OIlseeds Soymeal Inventories Continue to Fall Through Mid-April Despite inflows of imported soybeans, China’s estimated soymeal inventory stood at only 626,500 MT through 14 April. This follows four straight weeks of declines totaling 177,600 MT (-22.1 percent), including a drop of 85,000 MT (-11.95 percent) within just one week in April. It is also 296,900 MT less (-32.15 percent) than the total of a year ago at the same point. By comparison, the national total at the end of the final full week of February 2017 was 938,200 MT. In the North and Shandon...
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...
