# Chinese soy crushers set to add to ballooning soyoil inventories

> Chinese soybean crushers are expected to add to already high soyoil inventories, which stood at 1.344 million tonnes as of March. Soyoil prices have already fallen about 15% so far in 2020. Consultancy expectations point to sluggish demand for the product.

- Date: 2020-03-05 · published 2020-03-05T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/11273-chinese-soy-crushers-set-to-add-to-ballooning-soyoil-inventories
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Rising soyoil stocks in China weigh on vegetable oil prices and reduce crush margins, which can lower soymeal output pressure and support a weaker soy complex. Sluggish demand keeps soyoil bearish.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/us-health-coronavirus-china-soyoil/chinese-soy-crushers-set-to-add-to-ballooning-soyoil-inventories-idUSKBN20S0U4/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.