It is expected that by the end of March, the oil plant's soybean meal inventory will be around 600k tons.

Market monitoring shows that Brazilian soybean shipments for our country’s planned sailing volume have partially recovered. The soybean meal spot market has regained the pace of demand-based procurement. Last week, changes in oil mill inventories were minimal; as of March 27, they slightly increased to 630k tons. This week, some oil mills are scheduled for maintenance and shutdowns, so the operating rate has dipped slightly. It is expected that by the end of the month, soybean meal inventories may fall slightly to around 600k tons, which would be down by about 50k tons year over year. (National Grain and Oils Information Center)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin