# International crude oil strong, domestic oil firm while meal weak

> Beijing's grain bureau reports domestic soybean oil rose about 2.6% in the week to October 26 on firmer crude and biodiesel expectations, while soybean meal fell about 2% to 3314 yuan/t on ample supply and weak livestock demand. US soybean harvest reached 79% and Brazil's 2026/27 planting reached 40%.

- Date: 2026-11-02 · published 2026-11-02T19:37:39.994Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/75660-international-crude-oil-strong-domestic-oil-firm-while-meal-weak
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Firmer crude supports vegetable oil and biodiesel demand, which lifts the oil side of the crush, while high oil-meal ratios push crushers to discount meal. Meal prices stay pressured by heavy supply and soft demand.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: neutral

## Sources

- lsj.beijing.gov.cn: https://lsj.beijing.gov.cn/zwxx/lyxx/hqfx/202611/t20261102_4927657.html

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