Oilseeds Soymeal Inventory Retreats Breaking four consecutive weeks of increases, China’s estimated soymeal inventory fell to 883,700 MT as of 5 January, a 40,600 MT (-4.4 percent) drop from the previous week but 197,900 MT higher (+28.9 percent) than the same week in 2016. The primary reason for the decline was the decrease in those stocks in the East, which fell 58,500 MT (-10.7 percent) to 488,400 MT.
Imported Soybean Inventory Decreases Slightly The estimated imported soybean stocks at China’s major seaports remained relatively stable last week with only a 1,600 MT decline to 6.86 MMT as of 12 January. The stocks at the five major ports in Shandong Province accounted for 24.8 percent, up from 22.6 percent the previous...
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...
