# China Agricultural Supply and Demand Situation Analysis, November 2026 (CASDE-No.125)

> China’s November agricultural outlook raised estimated 2025/26 corn industrial consumption by 1 million tonnes to 86 million tonnes and slightly increased the 2026/27 forecast. It raised 2025/26 soybean imports to 111.62 million tonnes, while noting ample global soybean supply; edible-oil import estimates were cut by 700,000 tonnes, mainly because palm oil was costly to import and Black Sea sunflower-oil logistics remained impaired. The outlook also increased China’s 2026/27 sugar production forecast by 6.7 million tonnes? No—by 6.7 million tonnes?

- Date: 2026-11-10 · published 2026-11-10T12:17:40.009Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/91685-china-agricultural-supply-and-demand-situation-analysis-november-2026-casde-no
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher projected corn industrial use supports demand, while lower edible-oil imports could tighten domestic availability, particularly for palm and sunflower oils. Ample global soybean supplies are a bearish supply signal, while the higher sugar output forecast points to greater domestic availability.

## Read by commodity

- SBO: bullish ▲
- SOY: bearish ▼
- CORN: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-01-13 | [January 2023 World Agricultural Supply and Demand Estimates Update](https://feedsoft.ai/events/37732-january-2023-world-agricultural-supply-and-demand-estimates-update.md) | +0.4% | +0.2% |
| CORN | 2020-11-10 | [November 10 USDA Supply/Demand Report Recap - ADM Investor Services](https://feedsoft.ai/events/50093-november-10-usda-supply-demand-report-recap-adm-investor-services.md) | +9.7% | +8.7% |
| CORN | 2024-11-08 | [Crop Prospects and Food Situation Triannual Global Report No.3, November 2024 - World \| ReliefWeb](https://feedsoft.ai/events/27327-crop-prospects-and-food-situation-triannual-global-report-no-3-november-2024.md) | -1.4% | -2.0% |
| CORN | 2025-12-09 | [December 2025 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/21442-december-2025-wasde-report-summary-and-notes-cih.md) | +0.1% | +0.5% |
| CORN | 2018-03-09 | [World Agricultural Supply and Demand Estimates Predict Milk Production Up for 2018 • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/65991-world-agricultural-supply-and-demand-estimates-predict-milk-production-up-for.md) | +1.9% | +4.1% |
| SOY | 2025-10-23 | [Analyst insight: First look at 2025/26 UK supply and demand \| AHDB](https://feedsoft.ai/events/22470-analyst-insight-first-look-at-2025-26-uk-supply-and-demand-ahdb.md) | +4.4% | +9.8% |
| SOY | 2025-11-19 | [November 2025 WASDE Report is Relatively Quiet Despite Surprises in Production and Exports](https://feedsoft.ai/events/21972-november-2025-wasde-report-is-relatively-quiet-despite-surprises-in-production.md) | -2.5% | -8.3% |
| SOY | 2018-11-29 | [Outlook for U.S. Agricultural Trade: November 2018 \| Economic Research Service](https://feedsoft.ai/events/61931-outlook-for-u-s-agricultural-trade-november-2018-economic-research-service.md) | +2.1% | -0.9% |

## Sources

- scs.moa.gov.cn: https://scs.moa.gov.cn/jcyj/202611/t20261110_6489345.htm

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