Although China's landed price of imported soybeans fell $2/MT to $411/MT last week as the national inventory climbed slightly, another factor pushed the domestic crush margin back into negative territory.
Oilseeds Soymeal Inventories Surge Again in Early May China’s estimated soymeal inventories have already reached our forecast of 900,000-925,000 MT by June (see Ag Perspectives, 10 May). They surged 110,300 MT (+13.8 percent) in the first week of May to 911,000 MT for a total increase of 199,500 MT (+28.03 percent) since the first week of April. As of 5 May, they were also 279,200 MT (+44.19 percent) higher than the same week a year ago. The inventories rose across all regions, but the Northeast and the North led the way...
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...
