China's average domestic corn price remained steady at RMB 1,670/MT ($245.23/MT) last week, but that market is facing mounting pressure with more state-reserved stocks hitting the auction block and the downward price trend of another commodity.
Oilseeds Soymeal Inventories Continue to Climb, Reach 16-Month High China’s estimated soymeal inventory continued its climb and reached 1.3029 MMT as of 26 May, a 75,500 MT (+6.2 percent) increase from the previous week and its highest level since the start of February 2016 when the total was 1.35 MMT. (Correction: We erroneously stated in last week’s report that the inventory had reached a level not seen since mid-September 2015.) It was also 690,300 MT higher (+112.7 perce...
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...
