The fortunes of domestic soybean processors have steadily improved as the average crush margin grew RMB 4/MT ($0.62/MT) to RMB 103/MT ($15.84/MT) last week, helped by certain developments.
Oilseeds Soymeal Inventory Fell Below 1 MMT China’s estimated soymeal inventory has dropped below the 1 MMT threshold for the first time since mid-May. It totaled 953,400 MT as of 1 September, a decrease of 118,700 MT (-11.1 percent) from the last full week in August. However, it was 242,100 MT higher (+34 percent) versus the start of September 2016. At the regional level, estimated soymeal inventories declined across the board with the largest drop in in Fujian as soymeal inventories there fell 12,800 MT (-33.6 percent) to 25,300 MT...
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...
