# Mysteel Data: Northwest China Major Oil Mills' Soybean and Meal Inventories (November 2, 2026)

> As of October 30, two northwest China crushing plants held 95,000 tonnes of soybeans, down 23,000 tonnes week on week, and 8,000 tonnes of soybean meal, down 2,000 tonnes. Unexecuted contracts rose 13,000 tonnes to 51,000 tonnes.

- Date: 2026-11-02 · published 2026-11-03T00:16:25.960Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/76536-mysteel-data-northwest-china-major-oil-mills-soybean-and-meal-inventories
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Falling crush-plant stocks and rising unexecuted contracts point to firm regional soybean and meal demand, a mildly supportive signal for soybean and meal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- ncp.m.mysteel.com: https://ncp.m.mysteel.com/a/26110216/C7CC5C6A716BBF33_abc.html

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