Last week’s landed price of imported soybeans dropped $14/MT to $387/MT even as the yuan fell slightly against the U.S. dollar. That lower cost, however, was offset by a development that brought down wholesale prices.

  Oilseeds Soymeal Inventories Finally Retreat As expected, several major soybean crushers have suspended operations in recent weeks in the face of flagging prices for soymeal and soyoil. Even with this cutback, utilization rates have remained fairly high, which has pushed prices further downward. Low prices and the suspension of operations resulted in a significant drop in China’s estimated soymeal inventories through mid-June. The nationwide total stood at 1,119,100 MT as of 16 June, a decrease of 285,...