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China's commercial soybean oil stocks reached nearly 1.5 million tons by late October 2026, up 4.3% from a year earlier and the highest for the season since at least 2024, according to Mysteel. Crushing plants are producing oil faster than weak domestic cooking oil demand can absorb it, and the excess is being exported.
Heavy Chinese crushing supports meal output for feed, but surplus oil weighs on vegetable oil prices and adds competition to palm oil in South Asia. Bearish for soybean oil and palm oil prices, while soybean meal supply stays ample.
ukragroconsult.comNov 3, 2026
ainvest.comBeyond the HeadlinesNov 3, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
