# China soybean oil inventories hit record as crushing outpaces demand

> Mysteel data show China's commercial soybean oil inventories reached nearly 1.5 million tonnes by Friday, up 4.3% year on year and the highest for this time of year since at least 2024. Crushing plants are running at high rates while consumer demand is weak as the economy slows. COFCO Futures says the inventory pressure has not eased, and China's soybean oil exports continue to rise strongly.

- Date: 2026-11-03 · published 2026-11-04T19:36:53.192Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/80393-china-soybean-oil-inventories-hit-record-as-crushing-outpaces-demand
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Oversupply of soybean oil with weak domestic demand is bearish for soybean oil prices and pressures crushing margins. High crush rates keep soybean meal supplies ample, which weighs on meal prices for feed buyers.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼

## Sources

- dubaotiente.net: https://dubaotiente.net/ton-kho-dau-dau-tuong-trung-quoc-lap-ky-luc-do-san-luong-ep-dau-vuot-nhu-cau-84707.html

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