As China continued to intervene in its currency market, the cost of imported soybeans fell by $2/MT to $404/MT last week. Meanwhile, changes in the average producer’s prices for soymeal and soyoil also had a notable impact on crush margins.
Oilseeds Soymeal Inventories Reach Highest Level Since Fall 2015 China’s estimated soymeal inventory reached 1,227,400 MT as of 19 May 2017, an increase of 98,600 MT (+8.7 percent) from the previous week and 659,700 MT more (+116.2 percent) than a year ago at the same time. Equally important, inventories are at their highest level since mid-September 2015. They grew across all regions with the biggest gains occurring in the North and Shandong Province, while the Northeast h...
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...
