Oilseeds Soymeal Inventory Reverses Course as Feed Demand Improves Modest improvements in feed demand last week coupled with a drop in imported soybean stocks resulted in China’s estimated soymeal inventory declining yet again to a total 608,400 MT as of 4 April 2019, down 23,800 MT (-3.8 percent) from the previous week and 217,600 MT (-26.3 percent) lower than the same week a year ago. However, estimated soymeal stocks actually rose in five of the seven regions. The decrease in the national total was driven by a contraction in southern China, particularly in Guangdong and Guangxi, where stocks fell 23,800 MT (-42.1 percent) to 32,700 MT and 14,000 (-24.1 percent) to 44,000 MT, respectively.

More Modest Decrease in Imported Soybe...