China’s soybean meal stocks are expected to fall to less than 1 mln tons

According to data from China’s National Information Center SunSirs, due to the impact of the New Year holidays, weekly soybean processing volumes at Chinese oilseed mills have fallen to approximately 1.75 million tons since January, leading to lower soybean meal production and a slight decrease in inventories.

Soybean processing volumes for the entire month of January are expected to decline to approximately 8 million tons, while soybean meal production will be approximately 6.4 million tons. Combined with a gradual increase in demand, soybean meal inventories at Chinese oilseed mills are expected to decline to approximately 900,000 tons by the end of January.

As a reminder, the country’s soybean meal inventories have remained at a record high of one million tons since October of last year.

Analysts expect reduced supply and increased demand to significantly boost domestic soybean meal prices. Despite price fluctuations, favorable fundamental factors will support the upward trend, especially given the potential for contract positions to recover during the peak demand season.

According to OleoScope, on January 13, 2026, the price of soybean meal (Daylian China) for January delivery was $449.01/t, which is $1.00/t higher than the previous value from January 12, 2026 ($448.01/t). This is the maximum value of this price.

Tags: China, soybean meal