Although China's landed price of imported soybeans fell $2/MT to $411/MT last week as the national inventory climbed slightly, another factor pushed the domestic crush margin back into negative territory.
Oilseeds Soymeal Inventories Surge Again in Early May China’s estimated soymeal inventories have already reached our forecast of 900,000-925,000 MT by June (see Ag Perspectives, 10 May). They surged 110,300 MT (+13.8 percent) in the first week of May to 911,000 MT for a total increase of 199,500 MT (+28.03 percent) since the first week of April. As of 5 May, they were also 279,200 MT (+44.19 percent) higher than the same week a year ago. The inventories rose across all regions, but the Northeast and the North led the way...
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...
