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: 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...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
