# China's Soybean Oil Stocks Become a Problem as It Buys Soybeans from Brazil and the US

> 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.

- Date: 2026-11-03 · published 2026-11-03T18:36:49.222Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/78290-china-s-soybean-oil-stocks-become-a-problem-as-it-buys-soybeans-from-brazil-and
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

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

## Sources

- biodieselbr.com: https://www.biodieselbr.com/noticias/materia-prima/soja1/estoques-de-oleo-viram-problema-para-a-china-enquanto-compra-soja-do-brasil-e-dos-eua
- bloomberglinea.com.br: https://www.bloomberglinea.com.br/agro/estoques-de-oleo-viram-problema-para-a-china-enquanto-compra-soja-do-brasil-e-dos-eua/

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