# China's oil mills realised most of their soybean meal stocks

> As of September 24, most Chinese soybean oil mills had sold most of their soybean meal stocks, and domestic stocks hit an all-time high of 1.5 million tonnes. Meal prices were expected near 3,100 yuan/t at end-September, with pressure easing in October and November as imported soybean supplies decline.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/28384-china-s-oil-mills-realised-most-of-their-soybean-meal-stocks
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record Chinese meal stocks and incoming import volumes cap near-term Chinese meal prices, but expected October inventory drawdown could support a later price rebound. This affects export demand for soymeal.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-09-22 | [Lack of China Demand Hammers US Soybean Oil Prices - TT](https://feedsoft.ai/events/22934-lack-of-china-demand-hammers-us-soybean-oil-prices-tt.md) | -4.4% | -1.1% |
| SBM | 2018-11-13 | [Frozen Out of China, U.S. Soybean Farmers Refuse to Sell - Caixin Global](https://feedsoft.ai/events/62093-frozen-out-of-china-u-s-soybean-farmers-refuse-to-sell-caixin-global.md) | -0.0% | +1.7% |
| SBM | 2026-03-13 | [Chicago soybean futures hit their highest since mid-2024](https://feedsoft.ai/events/20356-chicago-soybean-futures-hit-their-highest-since-mid-2024.md) | +2.3% | +1.9% |
| SBM | 2018-10-16 | [Two Boatloads of U.S. Soybeans on Their Way to China Despite Tariffs - Caixin Global](https://feedsoft.ai/events/62398-two-boatloads-of-u-s-soybeans-on-their-way-to-china-despite-tariffs-caixin.md) | -4.3% | -6.5% |
| SBM | 2025-04-09 | [Wave of US soybeans set to reach China's shores despite tariffs](https://feedsoft.ai/events/14668-wave-of-us-soybeans-set-to-reach-china-s-shores-despite-tariffs.md) | +1.4% | -1.3% |
| SOY | 2025-12-05 | [Looking at the US soybean sales to China \| MEAT+POULTRY](https://feedsoft.ai/events/14619-looking-at-the-us-soybean-sales-to-china-meat-poultry.md) | -2.3% | -6.5% |
| SOY | 2025-11-08 | [Here’s what the U.S.-China trade truce really means for the U.S. soybean market — and for farmers - MarketWatch](https://feedsoft.ai/events/12248-here-s-what-the-u-s-china-trade-truce-really-means-for-the-u-s-soybean-market.md) | +1.0% | -0.7% |
| SOY | 2025-04-09 | [Wave of US soybeans set to reach China's shores despite tariffs](https://feedsoft.ai/events/14668-wave-of-us-soybeans-set-to-reach-china-s-shores-despite-tariffs.md) | +4.4% | +3.8% |

## Sources

- apk-inform.com: https://www.apk-inform.com/en/news/1544020

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