# China Soybean Oil Stocks Reach Record as Crushing Outstrips Demand

> 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.

- Date: 2026-11-03 · published 2026-11-03T06:06:00.396Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/77032-china-soybean-oil-stocks-reach-record-as-crushing-outstrips-demand
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

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

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/chinas-soybean-crushing-outpaces-demand-as-soybean-oil-stocks-hit-record-levels/
- ainvest.com: https://www.ainvest.com/news/china-soybean-oil-stocks-reach-record-crushing-outstrips-demand-2611/

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