Last week, domestic commercial inventories of soybeans and soybean meal both rose.

Monitoring shows that on June 26, the imported soybean inventory at major domestic oil plants stood at 7.43 million tons, up 170k tons week-on-week, up 1.07 million tons month-on-month, up 880k tons year-on-year, and 1.45 million tons higher than the three-year average; soybean meal inventory stood at 690k tons, up 20k tons week-on-week, up 390k tons month-on-month, roughly flat year-on-year, and 150k tons lower than the three-year average for the same period. (National Grain and Oil Information Center)
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