With the corn harvest season in its southern region around the corner and downstream demand flagging, the average domestic corn price in China fell RMB 11/MT ($1.64) to RMB 1,673/MT ($249.22/MT). Meanwhile, another development is also putting further pressure on prices.
Oilseeds Soymeal Inventories Close Out July With Another Increase After declines at the end of the previous month, China’s estimated soymeal inventories surged upward throughout July. They had climbed to a total 1,354,300 MT as of 28 July, up 29,600 MT (+2.2 percent) from the previous week and an increase of 207,200 MT (+24.9 percent) since the end of June. The primary drivers of this growth have been declining demand, particularly in the past two-and-a-ha...
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...
