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: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...