U.S. wheat exports to China during January-May 2017 totaled 980,206 MT at a value of $229.7 million, surpassing the entire volume for all of 2016. The U.S. could have a smaller wheat crop this year, but Chinese demand is unlikely to dampen because of one factor.
Oilseeds Soymeal Inventories Reverse Course Again As several major crushers continued to idle facilities due to sluggish feed demand from the pork industry, China’s combined soybean crush volume fell to 7.6 MMT in June, a 5 percent drop from May. On the upside, however, demand from the poultry, cattle and aquaculture sectors has helped push wholesale soymeal prices upward in the past two weeks. This all combined to bring China’s estimated soymeal inventory t...
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...
