Last week, domestic soybean commercial inventories increased, and soybean meal slightly decreased.

Monitoring shows that on April 17th, the major oil refineries nationwide had an imported soybean stock of 5.08 million tons, an increase of 360k tons week-over-week, an increase of 240k tons month-over-month, and an increase of 400k tons year-over-year, which is 1.09 million tons higher than the average of the past three years; soybean meal stock was 570k tons, a decrease of 20k tons week-over-week, a decrease of 50k tons month-over-month, and an increase of 440k tons year-over-year, which is 270k tons higher than the average of the same period over the past three years. (National Grain and Oil Information Center)