The nationwide domestic corn price rose just RMB 1/MT ($0.15/MT) to RMB 1,664/MT ($252.47/MT) last week. Meanwhile, the estimated average utilization rate of ethanol producers remained historically low due to one factor.
Oilseeds Soymeal Inventory Contracts Further on Higher Demand China’s nationwide soymeal inventory totaled 1,072,100 MT as of 25 August 2017, a decrease of 114,800 MT (-9.7 percent) from the previous week but 332,800 MT higher (+45 percent) than the same week a year ago. The biggest weekly decreases occurred in the North and Shandong Province where estimated soymeal inventories fell 23,400 MT (-19.7 percent) to 95,300 MT and 47,100 MT (-30.5 percent) to 107,200 MT, respectively.Looking ahead, downstream m...
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...
