Oilseeds Soymeal Inventory in Downward Spiral on Strong Demand Stepped-up idling of plants due to ongoing environmental regulations and strong downstream demand lowered China’s estimated soymeal inventory to 648,300 MT as of 27 October, down 92,100 MT (-12.1 percent) from the previous week but up 116,600 MT (+21.9 percent) from a year ago at the same time. Estimated soymeal inventories fell across all regions except the Northeast and Fujian, which saw increases of 7,500 MT (+27.4 percent) to 34,900 MT and 9,200 MT (+31.7 percent) to 38,200 MT, respectively.
Imported Soybean Stocks Climb Again as New Shipments Arrive China’s imported soybean stocks started rising again, helped by increased arrivals. As of 3 November 2017, t...
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...
