Last week, domestic soybean and soybean meal commercial inventory both declined.

Monitoring shows that on March 13, major oil refineries nationwide held soybean imports of 5.01 million tons, down 150,000 tons week-over-week, up 910,000 tons month-over-month, and up 1.52 million tons year-over-year, which is 1.5 million tons higher than the average of the past three years; soybean meal stocks were 590,000 tons, down 140,000 tons week-over-week, down 200,000 tons month-over-month, and down 100,000 tons year-over-year, which is 40,000 tons above the average for the same period over the past three years. (National Grain and Oil Information Center)

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