China's average domestic corn price remained steady at RMB 1,670/MT ($245.23/MT) last week, but that market is facing mounting pressure with more state-reserved stocks hitting the auction block and the downward price trend of another commodity.
Oilseeds Soymeal Inventories Continue to Climb, Reach 16-Month High China’s estimated soymeal inventory continued its climb and reached 1.3029 MMT as of 26 May, a 75,500 MT (+6.2 percent) increase from the previous week and its highest level since the start of February 2016 when the total was 1.35 MMT. (Correction: We erroneously stated in last week’s report that the inventory had reached a level not seen since mid-September 2015.) It was also 690,300 MT higher (+112.7 perce...
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...
