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China's commercial soybean oil stocks climbed to nearly 1.5 million metric tons by October 30, up 4.3% from a year earlier and at their highest for the time of year since at least 2024. Soybean crushing rates stayed high while edible oil consumption weakened, and Brazil shipped over 65 million tons of soybeans to China from January to September 2026.
Excess soybean oil supply in China weighs on crush margins and soybean meal demand, which can pressure soybean and meal prices even as China keeps buying soybeans. Bearish for soybean oil and soybean meal pricing.
datamarnews.comGabriel MalheirosNov 11, 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.
