Oilseeds Soymeal Inventory Up Slightly but Relatively Stable With the summer maintenance period beginning to wind down, China’s estimated soymeal inventory totaled 1.249 MMT as of 27 July 2018, a gain of 20,200 MT (+1.64 percent) from the previous week but 105,700 MT lower (-7.8 percent) than at the same point one year ago. At the regional level, estimated soymeal stocks increased in all but two areas. The inventories in Shandong Province and the autonomous region of Guangxi fell 18,300 MT (-12.6 percent) to 126,600 MT and just 2,000 MT (-1.89 percent) to 104,000 MT, respectively. With China’s ports sitting on a significant pile of imported soybeans, inventories should remain high until at list mid-fall.
Imported Soybean In...
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...
