China’s domestic corn market remained solid last week despite ongoing pessimism over the quality of the auctioned state-reserve corn. There are only two issues keeping prices and demand for those stocks yet to be offered from falling further.
Oilseeds Soymeal Inventories Climb Significantly for Second Week China’s estimated soymeal inventory reached 800,800 MT at the end of April, an increase of 81,500 MT (+11.3 percent) from the previous week. That total was also 8.07 percent higher than 736,800 MT at the end of March and up 26.73 percent from 631,800 MT at the end of April 2016. Estimated soymeal inventories rose across all regions with the biggest week-on-week upticks of 17,300 MT (+14.8 percent), 13,100 MT (+21...
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...
