Oilseeds Soymeal Inventory Climbs Again, Reaching 10-Week High China’s nationwide soymeal inventory hit a 10-week high through mid-December as crushers continue to ramp up activity ahead of an expected busy January. The total was 806,200 MT as of 15 December, 57,500 MT (+7.7 percent) more than the previous week and up 471,400 MT (+140.8 percent) versus the same week last year. At the regional level, the only week-on-week declines occurred in the North and Guangxi with drops of 6,100 MT (-10.6 percent) to 51,600 MT and 6,100 MT (-10.3 percent) to 53,200 MT, respectively.
Imported Soybean Stocks Drop Again The estimated imported soybean stocks at China’s 20 major Chinese seaports remained relatively stable through 22 Decembe...
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...
