After a very active November and December, the soybean market came to a standstill toward the end of the year and has started 2017 with very little movement. There are several reasons for this with a change In the Chinese buying pattern being one. Soybeans After a very active November and December, the soybean market came to a standstill toward the end of the year and has started 2017 with very little movement. On the offer side, the U.S. still has some beans to sell for January, although the volumes are low. On the demand side, the Chinese have decreased their buying fervor in line with falling crush margins. Although the Dalian futures quotes imply the crush is still showing some $20/MT in profit, especially in the nearby positions, it...
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...
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