With the Mid-Autumn Harvest Festival in close proximity and the National Day scheduled to run through the first week of October, market data has been limited for this week. However, one factor is impacting soybean imports this month as well as in November.
Holiday Week Chinese National Day This past weekend launched the official observance of Chinese National Day on 1 October 2016. This public holiday recognizes the founding of the People’s Republic of China in 1949. With that scheduled to run through the first week of the month and the Mid-Autumn Harvest Festival in close proximity, market data has been limited for this week. Oilseeds Soymeal Prices Rise As of 30 December, the estimated nationwide soymeal inventory totaled 50...
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...
