World Perspectives
soy-oilseeds feed-grains

China In-Country Analysis

Oilseeds Soymeal Inventory Sees Modest Decline Since the first full week of November, China’s nationwide soymeal inventory is up 25,500 MT as demand for feed from the hog sector has softened due to the staying power of African swine fever (ASF). With domestic poultry prices experiencing levels not seen since 2016, however, there has been some rebalancing in feed demand from chicken producers. Through the end of last week, the soymeal inventory reversed course and fell 26,600 MT (-2.6 percent) to just over 1 MMT. However, it was up 363,300 MT (+57 percent) versus a year ago. Regionally, the main drivers of the week-on-week decreases were the inventory drops in Shandong and Fujian of 37,600 MT (-29 percent) to 92,000 MT and 9,000 MT (...

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Jul 19 Corn closed at $3.9425/bushel, up $0.0525 from yesterday's close.  Jul 19 Wheat closed at $4.7875/bushel, up $0.005 from yesterday's close.  Jul 19 Soybeans closed at $8.22/bushel, down $0.0975 from yesterday's close.  Jul 19 Soymeal closed at $295.3/short ton, down $2 fro...

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Jul 19 Corn closed at $3.9425/bushel, up $0.0525 from yesterday's close.  Jul 19 Wheat closed at $4.7875/bushel, up $0.005 from yesterday's close.  Jul 19 Soybeans closed at $8.22/bushel, down $0.0975 from yesterday's close.  Jul 19 Soymeal closed at $295.3/short ton, down $2 fro...

feed-grains soy-oilseeds wheat

Market Commentary

Active overnight trade pushed the CBOT higher with corn up 6.75 cents, soybeans up 7.75 cents and Chicago wheat up 8.5 cents before the morning session’s open. The catalyst for this was, of course, USDA’s confirmation yesterday afternoon that the current corn crop is the most delaye...

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