As China continued to intervene in its currency market, the cost of imported soybeans fell by $2/MT to $404/MT last week. Meanwhile, changes in the average producer’s prices for soymeal and soyoil also had a notable impact on crush margins.
Oilseeds Soymeal Inventories Reach Highest Level Since Fall 2015 China’s estimated soymeal inventory reached 1,227,400 MT as of 19 May 2017, an increase of 98,600 MT (+8.7 percent) from the previous week and 659,700 MT more (+116.2 percent) than a year ago at the same time. Equally important, inventories are at their highest level since mid-September 2015. They grew across all regions with the biggest gains occurring in the North and Shandong Province, while the Northeast h...
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...
