Strong demand from the feed industry last week had a notable impact on China's estimated soymeal inventories, reversing a trend from the past three weeks that saw totals catching up with 2014 figures. Oilseeds Soymeal Inventories Fall below 1 MMT Threshold Courtesy of strong demand from the feed industry, China's estimated soymeal inventories fell 31,600 MT last week to 980,000 MT, a 3.13 percent drop from the previous week. That total is also 191,600 MT lower (-16.37 percent) than the same week a year ago, reversing a trend from the past three weeks that saw current inventories catching up with 2014 figures. Among the surveyed regions, last week's estimated soymeal inventories rose to 148,000 MT (+0.6 percent), 107,600 MT (+16.23 percen...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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