Oilseeds Soymeal Inventories Fall Again Over Holiday Week There was a sharp slowdown in crushing activity during the lengthy holiday week that combined the Mid-Autumn Harvest Festival and China’s National Day, which recognizes the founding of the People’s Republic of China. As a result, the country’s soymeal inventories fell another 10,700 MT (-1.2 percent) to finish the first week of the month at 877,800 MT. However, that was up 374,900 MT (+74.5 percent) versus the same week in 2016. At the regional level, only the East had an increase in its soymeal inventory from the week prior, rising 42,400 MT (+7.7 percent) to 593,300 MT.
Imported Soybean Stocks Remain Relatively Stable Lower utilization rates in early October...
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...
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate incre...
