While last week’s imported soybean price of $432/MT was a $1/MT improvement from the previous week, the average crush margin on those imports fell to RMB 382/MT ($55.36/MT), a decline of RMB 35/MT ($5.07/MT) from the week prior. The outlook for that margin will depend on several developments.
Oilseeds Soymeal Inventories Sink Further as Crushing Activity Falls Stepped up environmental controls by China’s State Council and the Ministry of Environmental Protection have resulted in a greater number of crushing facilities suspending operations. With wintery temperatures in the high 20s (F) throughout northern China and in the low 40s (F) around Shanghai, air pollution has become quite pronounced in the past few we...
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...
