A USDA agricultural attaché report projects China's soybean oil exports could reach a record 1.35 million tons in 2026/27, driven by strong domestic crushing and weaker edible oil demand. China's edible oil imports are forecast to fall from 6.9 to 6.4 million tons, and its October soybean imports fell 38% from September to 7.35 million tons.
Larger Chinese soybean oil exports add supply to global markets and increase competition with palm and sunflower oil. Lower Chinese soybean imports weigh on soybean demand and prices.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
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.