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: 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...
