Mysteel China soybean meal monthly balance sheet (March)

Source: Mysteel Mar 05, 2026 09:14

For the full 2025/2026 marketing year, soybean meal production is forecast at 84.42 million tonnes, with imports of 94,900 tonnes and exports of 496,500 tonnes. Domestic consumption is expected to reach 83.96 million tonnes. The market is projected to maintain a pattern of robust supply and demand in 2026, with low prices enhancing the cost-effectiveness of soybean meal and supporting additional demand growth. Beginning stocks are estimated at 1.19 million tonnes, with ending stocks at 1.25 million tonnes.