Oilseeds Soymeal Inventory Reverses Course as Feed Demand Improves Modest improvements in feed demand last week coupled with a drop in imported soybean stocks resulted in China’s estimated soymeal inventory declining yet again to a total 608,400 MT as of 4 April 2019, down 23,800 MT (-3.8 percent) from the previous week and 217,600 MT (-26.3 percent) lower than the same week a year ago. However, estimated soymeal stocks actually rose in five of the seven regions. The decrease in the national total was driven by a contraction in southern China, particularly in Guangdong and Guangxi, where stocks fell 23,800 MT (-42.1 percent) to 32,700 MT and 14,000 (-24.1 percent) to 44,000 MT, respectively.
More Modest Decrease in Imported Soybe...
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...
