Oilseeds Soymeal Inventory Surges as Prices Decline The steady buildup of imported soybean stocks, falling live pig prices and a decline in the prices for soymeal have driven demand for the latter downward. The net effect was a rise in soymeal supplies in all regions last week. This pushed the nationwide inventory up 165,100 MT (+21 percent) to 950,200 MT as of 20 April 2018, the highest level since the end of September 2017 and 231,000 MT (+32.1 percent) more than a year ago at the same time. At the regional level, the largest weekly increases were the gains of 31,400 MT (+21.7 percent) to 176,200 MT in Shandong Province and 30,900 MT (+56.2 percent) to 85,900 MT in the North. While the national total number was a surprise, the softer me...

TAGS – Feed Grains, Soy & Oilseeds, Livestock, China, North America, Macroeconomics