The average producer’s prices for soymeal and soyoil increased RMB 3/MT ($0.44/MT) to RMB 2,710/MT ($400.3/MT) and RMB 114/MT ($16.84/MT) to RMB 5,909/MT ($872.82/MT), respectively. However, that did not have a positive impact on crushers' margins.
Oilseeds Soymeal Inventories Climb Again as Demand Weakens A combination of uncertainty about downstream demand and the steady influx of imported soybean shipments pushed soymeal inventories higher once again. As of 23 June, the country’s estimated total was 1,202,400 MT, up 83,300 MT (+7.4 percent) from the previous week and 563,200 MT higher (+88.1 percent) than one year ago. At the regional level, most of the increase occurred in the east where estimated soymeal invent...
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...
