The landed price of imported soybeans was $422/MT last week, up $3/MT from the week before, and that combined with amother factor to bring domestic crush margins down nearly RMB 45/MT ($6.48/MT) from the previous week’s two-year high.
Oilseeds Soymeal Inventories End Slide and Exceed 400,000 MT China’s nationwide estimated soymeal inventory rose to 408,900 MT for the week ending 23 December 2016, up 74,100 MT (+14.2 percent) from the previous week. Despite the obligatory plant closures due to the widespread air pollution problems, crushers were forced to increase output where possible in order to accommodate the steady arrival of new soybean imports. Nonetheless, the estimated soymeal inventory was 1.14 MT lower (-7...
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...
