Oilseeds Soymeal Inventory Climbs Again, Reaching 10-Week High China’s nationwide soymeal inventory hit a 10-week high through mid-December as crushers continue to ramp up activity ahead of an expected busy January. The total was 806,200 MT as of 15 December, 57,500 MT (+7.7 percent) more than the previous week and up 471,400 MT (+140.8 percent) versus the same week last year. At the regional level, the only week-on-week declines occurred in the North and Guangxi with drops of 6,100 MT (-10.6 percent) to 51,600 MT and 6,100 MT (-10.3 percent) to 53,200 MT, respectively.
Imported Soybean Stocks Drop Again The estimated imported soybean stocks at China’s 20 major Chinese seaports remained relatively stable through 22 Decembe...
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...
