Oilseeds Soymeal Inventory Declines as Crushers Dial Back Activity With the tariff on U.S. soybeans becoming effective on 6 July, feed demand has remained relatively solid. The more significant driver of soymeal inventories across China last week, however, was a decline in crushing output as companies look to manage their stores while supplies from the Southern Hemisphere are still in the market. Although some commentators for U.S. financial publications have noted that China has stockpiled record volumes of soymeal and imported soybeans in response to trade issues with the Trump administration, last week’s numbers do not reflect such activity. The nationwide estimated soymeal inventory totaled 1.253 MMT as of 13 July 2018, down jus...

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