U.S. wheat exports to China during January-May 2017 totaled 980,206 MT at a value of $229.7 million, surpassing the entire volume for all of 2016. The U.S. could have a smaller wheat crop this year, but Chinese demand is unlikely to dampen because of one factor.
Oilseeds Soymeal Inventories Reverse Course Again As several major crushers continued to idle facilities due to sluggish feed demand from the pork industry, China’s combined soybean crush volume fell to 7.6 MMT in June, a 5 percent drop from May. On the upside, however, demand from the poultry, cattle and aquaculture sectors has helped push wholesale soymeal prices upward in the past two weeks. This all combined to bring China’s estimated soymeal inventory t...
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...
