Oilseeds Soymeal Inventory Rises as Feed Prices Trend Upward Strong downstream demand for soymeal continued last week. Meanwhile, soybean crushers have gradually raised output to meet market needs. As a result, China’s nationwide soymeal inventory rose 28,100 MT (+4.6 percent) last week to finish at 640,900 MT, although that was down 459,700 MT (-41.8 percent) versus 1 June 2018. Regionally, soymeal stocks in Shandong Province reversed course and erased nearly half of their gains from two weeks ago, falling 11,900 MT (-24.9 percent) to 35,900 MT. Similarly, those in Guangdong gave back their increases of two weeks ago with a drop of 10,000 MT (-14.2 percent) to end last week at 60,300 MT. In contrast, soymeal inventories in the East...

TAGS – Feed Grains, Soy & Oilseeds, Biofuels, China, North America, South America