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China's commercial soybean oil stocks rose about 4.3% year on year to nearly 1.5 million tonnes, the highest for this time of year since at least 2024, according to Mysteel. Soybean meal stocks also hit a two-year high in October before easing slightly.
Meanwhile, China continues buying soybeans from Brazil and the US, partly to meet its trade-truce commitments.
High crush margins are boosting soybean oil supply while weaker restaurant demand cuts edible oil consumption, so the surplus weighs on soybean oil and meal prices. Continued crushing demand for beans still supports soybean buying.
biodieselbr.comBloombergNov 3, 2026
bloomberglinea.com.brHallie GuNov 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.
