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Oct '18 #soymeal #futures continue working downwards. Under $300/st for part of the day. 📉

Reuters reports that major U.S. ethanol producer Green Plains Inc is shutting down two ethanol plants in Iowa (Superior, Lakota) and is cutting output at another in Minnesota (Fairmont) due to low profit margins.
https://t.co/QfQ8oTUUWa

Soybean Exports since the Onset of Tariffs https://t.co/D9afCFMUHC

Our commodity desk will be closed Monday for the long weekend. Have a safe and enjoyable weekend everyone! 🚜☀️

#China has not purchased U.S. #soybeans for 2018/19 delivery since the week ended May 24 (438kt). They have since cancelled 126kt in new deliveries. Outstanding sales remain at 1.332 mln tonnes. My records say that's the lowest for the date since 2005.

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