Oilseeds Sharp Correction in Soymeal Inventory With China’s soybean imports down sharply last month versus December 2017, the nationwide estimated soymeal inventory fell substantially last week as sales activity ramped up to prepare for the Chinese New Year. As of 11 January, that inventory totaled 1.007 MMT, a decrease of 223,700 MT (-18.2 percent) from the previous week but 123,900 MT (+14 percent) higher than a year ago. Breaking with the pattern from previous weeks of significant variability in the week-on-week increases and decreases at the regional level, there were declines across the board last week. This was most notable in the North and Northeast, which experienced drops of 41,700 MT (-35.2 percent) to 76,800 MT and 30,000...

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