China’s imported soybean stocks recover

China’s imported soybean stocks rose to 6.67 million tons by the end of week 21 in 2026, according to monitoring data from the grain and oilseed sector network. This is up by 100,000 tons from the previous week and slightly higher than the 6.41 million tons recorded during the same period last year.

Coastal inventories also increased to 5.89 million tons, up by 59,600 tons week-on-week. The overall growth in supply is adding moderate downward pressure on spot soybean prices in the domestic market.

Analysts note that rising soybean inventories are also affecting the soybean meal market, as it is a by-product of soybean crushing. Expectations of ample raw material supply are weighing on price dynamics across the feed sector.

On the Dalian Commodity Exchange, the soybean meal futures contract for May 2026 closed at 2,971 yuan per ton on May 26, down 18 yuan from the previous trading session. Overall, both futures and spot markets remain under bearish pressure due to expectations of sufficient supply.

Tags: soybean, soybean meal, stocks, China, prices