Oilseeds Soymeal Inventory Declines Slightly Stepped-up utilization rates created a buying opportunity for downstream feed manufacturers and livestock producers with soymeal prices falling sharply last week on increased supplies. China’s estimated soymeal inventory totaled approximately 1.223 MMT as of 24 August 2018, down 40,600 MT (-3.2 percent) from the week before but 151,300 MT higher (+14.1 percent) than the same week a year ago. At the regional level, meal stocks declined across the board except for the increases in Fujian and Guangxi Provinces of 6,000 MT (+40 percent) to 21,000 MT and 37,000 MT (+40.2 percent) to 129,000 MT, respectively.
Imported Soybean Inventory Drops Slightly China’s estimated imported soybean...
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...
