With the volume of imported soybeans remaining high and arrivals of new shipments continuing at a strong pace, China’s estimated soymeal inventory has risen for two consecutive weeks. However, government action regarding a specific concern may cause a downward correction.
Oilseeds Soymeal Inventory Climbs Higher for Second Week in a Row With the volume of imported soybeans remaining high and arrivals of new shipments continuing at a strong pace, China’s estimated soymeal inventory has risen for two consecutive weeks. At the same time, downstream demand was solid in July as evidenced by higher wholesale meal and oil prices and a relatively strong outlook on the futures market. For example, the September 2017 soymeal...
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...
