Oilseeds Soymeal Inventory Continues to Shrink, But Pace Slows Increased plant idling through the first week of November led to further contraction in China’s nationwide soymeal inventory. The estimated total was 632,100 MT as of 3 November, a decrease of 16,200 MT (-2.5 percent) from the previous week but 43,500 MT higher (+7.4 percent) than the first week of November 2016. The biggest weekly drop, 10,700 MT (-16.1 percent), occurred in Guangxi Province.
Imported Soybean Inventory Declined Slightly As of 10 November 2017, the estimated imported soybean stocks at China’s major seaports totaled 6.84 MMT, a drop of 23,000 MT (- 0.33 percent) from the previous week. Those at the five major ports in Shandong Province accounted...
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...
