Oilseeds Soymeal Inventory Reverses Course: With soybean crushers returning to normal activity and ramping up output in anticipation of higher feed demand, estimated soymeal inventories added 74,000 MT (+2.3 percent) to reach a total 748,700 MT as of 8 December 2017, up 358,500 MT (+91.9 percent) versus the same week in 2016. At the regional level, the main drivers of this growth were Shandong and Guangxi with increases of 62,000 MT (+101.3 percent) to 123,200 MT and 18,500 MT (+45.3 percent) to 59,300 MT, respectively.
Imported Soybean Inventory Falls Slightly The estimated imported soybean stocks at China’s 20 major seaports were relatively stable as of 15 December 2017 with just a slight drop of 5,100 MT to 6.86 MMT...
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...
