China to Buy New Crop Soybeans from Farmers Reports out of China indicate China's National Development and Reform Commission next week will send a proposal to the State Council to purchase 2012 crop soybeans to replenish reserve stocks. If the plan is approved, it will be the fifth year in a row that the government has purchased soybeans from farmers to support prices and build reserve stocks.An unidentified source told Bloomberg that the proposed price for the soybeans will be 4,600 yuan/MT or about $736/MT ($20.06/bushel). Last year purchases were made at a price of 4,000 yuan/MT. Since the government reserve stock purchase program began five years ago, Sinograins Oils Corporation has purchased about 14.6 MMT of soybeans from farmers...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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