Oilseeds Soymeal Inventory Recovers Ground on Improved Feed Demand With feed demand from poultry and aquaculture continuing to expand on the backs of China’s beleaguered hog industry, soymeal sales have begun to rise again. As of 17 May 2019, China’s estimated soymeal inventory stood at 616,600 MT, up 25,900 MT (+4.4 percent) from the previous week but down 590,800 MT (-48.9 percent) on an annualized basis. The main driver of the uptick was again the growing stocks in Guangxi Province, which climbed 23,000 MT (+41.8 percent) to 78,000 MT. With its access to the Gulf of Tonkin, the province produces a fair amount of poultry and has a strong aquaculture industry.
Imported Soybean Inventory Reverses Course After a string of s...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
