The estimated average utilization rate of China's soybean processing industry decreased sharply last week as a majority of those facilities ceased production due to sluggish demand from the downstream market. That then impacted the volume of soybean stocks at the country's seaports. Oilseeds Soymeal Inventories Continue to Rise on Tepid Feed Demand As expected, the strong volume of soybean shipment arrivals in the first-half of March combined with slack demand from the feed industry pushed China’s estimated soymeal inventories up again last week. The estimated total for all regions increased 140,000 MT to 1.17 MMT (+13.59 percent) through last Friday, which is 3.64 percent lower than a year ago. Among the surveyed regions, inventories ro...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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