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: 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...
