Oilseeds Soymeal Inventory Continues to Shrink, But Pace Slows Increased plant idling through the first week of November led to further contraction in China’s nationwide soymeal inventory. The estimated total was 632,100 MT as of 3 November, a decrease of 16,200 MT (-2.5 percent) from the previous week but 43,500 MT higher (+7.4 percent) than the first week of November 2016. The biggest weekly drop, 10,700 MT (-16.1 percent), occurred in Guangxi Province.
Imported Soybean Inventory Declined Slightly As of 10 November 2017, the estimated imported soybean stocks at China’s major seaports totaled 6.84 MMT, a drop of 23,000 MT (- 0.33 percent) from the previous week. Those at the five major ports in Shandong Province accounted...
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...
