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China’s soybean oil exports are forecast to reach a record 1.35 million tonnes in MY 2026/27, supported by high soybean crushing and weaker domestic vegetable-oil demand. USDA FAS also raised its forecast for Chinese soybean imports to 110 million tonnes, while projecting soybean crushing at 106 million tonnes, below the prior season.
Record exports would add Chinese soybean oil to global supplies and intensify competition with other vegetable oils, weighing on soybean oil prices. Lower domestic demand for vegetable oils and reduced imports also point to softer Chinese import demand for competing oils.
ukragroconsult.comNov 6, 2026After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% over 20.
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.
