China’s domestic corn market remained solid last week despite ongoing pessimism over the quality of the auctioned state-reserve corn. There are only two issues keeping prices and demand for those stocks yet to be offered from falling further.
Oilseeds Soymeal Inventories Climb Significantly for Second Week China’s estimated soymeal inventory reached 800,800 MT at the end of April, an increase of 81,500 MT (+11.3 percent) from the previous week. That total was also 8.07 percent higher than 736,800 MT at the end of March and up 26.73 percent from 631,800 MT at the end of April 2016. Estimated soymeal inventories rose across all regions with the biggest week-on-week upticks of 17,300 MT (+14.8 percent), 13,100 MT (+21...
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...
