Oilseeds Soymeal Inventory Retreats Breaking four consecutive weeks of increases, China’s estimated soymeal inventory fell to 883,700 MT as of 5 January, a 40,600 MT (-4.4 percent) drop from the previous week but 197,900 MT higher (+28.9 percent) than the same week in 2016. The primary reason for the decline was the decrease in those stocks in the East, which fell 58,500 MT (-10.7 percent) to 488,400 MT.
Imported Soybean Inventory Decreases Slightly The estimated imported soybean stocks at China’s major seaports remained relatively stable last week with only a 1,600 MT decline to 6.86 MMT as of 12 January. The stocks at the five major ports in Shandong Province accounted for 24.8 percent, up from 22.6 percent the previous...
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...
