With the volume of imported soybeans remaining high and arrivals of new shipments continuing at a strong pace, China’s estimated soymeal inventory has risen for two consecutive weeks. However, government action regarding a specific concern may cause a downward correction.
Oilseeds Soymeal Inventory Climbs Higher for Second Week in a Row With the volume of imported soybeans remaining high and arrivals of new shipments continuing at a strong pace, China’s estimated soymeal inventory has risen for two consecutive weeks. At the same time, downstream demand was solid in July as evidenced by higher wholesale meal and oil prices and a relatively strong outlook on the futures market. For example, the September 2017 soymeal...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
