Although China’s yuan continued to gain ground on the U.S. dollar, last week’s landed price of imported soybeans rose $5/MT to $402/MT. The average producer prices for both soymeal and soyoil also staged modest recoveries, but what is the outlook?
Oilseeds Soymeal Inventories End May with Another Surge China’s estimated soymeal inventory reached 1,385,200 MT as of 2 June, a week-on-week increase of 82,300 MT (+6.2 percent) and 676,400 MT higher (+112.7 percent) than the total for the same week in 2016. In the past month alone, it rose by more than 474,000 MT (+52.05 percent). The estimated soymeal inventories grew across all regions with the largest weekly gains in the North and East, which saw increases of 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...
