Oil mill vehicle dispatch and pickup have slowed down, but the willingness to maintain soybean meal prices still remains.

Brazil’s slow harvest progress and new export inspection regulations have led to slower soybean exports, which supports U.S. soybean futures prices. In addition, after strengthened domestic customs quarantine, the import clearance of soybeans has been slow. With relatively high operating crushing rates, soybean inventories are falling, while feed and livestock-farming enterprises continue to fulfill previously signed contracts, causing soybean meal inventories to decline. Oil mills have also slowed stockpiling and deliveries, but the intention to maintain prices remains, continuing to support soybean meal prices and keeping them in a range-bound adjustment trend. (China Feed Industry Information Network)