China’s soybean processing volume will reach 9 million tons in August

China's National Grain and Oil Information Center reported that soybean stocks at domestic oil mills have increased, exceeding 7 million tons by the end of July. The country's ports are expected to receive large quantities of imported soybeans in the coming months, with 8 million tons expected to arrive in August and 7.6 million tons in September. Soybean processing is projected to be around 9 million tons monthly. However, soybean oil mill output increased in August, while soybean meal supply remained weak, putting pressure on market growth. The country also reported record soybean meal stocks, with 1.38 million tons, up 29% from the previous month and 86.5% from the same period last year.