China's Soy Bet: What 103 Million Tonnes of Imports Mean for Global Veg Oil Balances

In this analysis: China is on track to import over 100 million tonnes of soybeans in 2026 for the third consecutive year. The sheer scale of that flow — and the crush economics that follow — is the single most important demand signal in global oilseed markets. For soy oil, soy me…