China’s average domestic corn price rose RMB 14/MT ($2.03/MT) to RMB 1,632/ MT ($237.20/MT) last week, driven by tight supplies of new corn and several other factors.
OIlseeds Soymeal Inventories Continue to Fall Through Mid-April Despite inflows of imported soybeans, China’s estimated soymeal inventory stood at only 626,500 MT through 14 April. This follows four straight weeks of declines totaling 177,600 MT (-22.1 percent), including a drop of 85,000 MT (-11.95 percent) within just one week in April. It is also 296,900 MT less (-32.15 percent) than the total of a year ago at the same point. By comparison, the national total at the end of the final full week of February 2017 was 938,200 MT. In the North and Shandon...
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...
