China’s estimated soymeal inventories fell sharply last week for the first time since the end of February. They have totaled more than 1 MMT since the week ending 18 March, but two factors brought the overall total down. Oilseeds Soymeal Inventories Decline  China’s estimated soymeal inventories fell sharply last week for the first time since the end of February. They have totaled more than 1 MMT since the week ending 18 March, but a decrease in the crushing industry’s utilization rates and rock bottom pricing brought the overall total down to 990,000 MT last Friday, a drop of 156,000 MT (-13.57 percent) from the week prior and 158,000 MT (-13.76 percent) lower than the same week a year ago. Among the surveyed regions, the only incr...