The January Oilseed Market Trade Monthly Report of the US Department of Agriculture shows that China is expected to become a net exporter of soybean oil for the second consecutive year in 2025/26, as exports have hit a record in recent months, while China's soybean oil imports have declined during the same period.
The article points out that China will become a net exporter of soybean oil in 2025/26, with record exports and a decrease in imports, indicating sufficient domestic soybean oil supply or relatively weak demand, which may lead to pressure on spot prices to fall. Based on data from the soybean oil futures market, the settlement price of the main contract 2605 is 7,992 yuan/ton, down 18 points, and the position has decreased by 1,300 lots, indicating an increase in bearish sentiment in the market. It is expected that futures prices will continue to decline in the short term.
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- 2026-01-27
