# Strong demand offsets price pressure from record global soybean crop

> Chicago November soybean futures rallied from below $11.50 on August 11 to $12.22 on August 19 despite a record global crop forecast. China had booked 6.558 million tonnes of new-crop US soybeans as of August 21.

- Date: 2026-08-28 · published 2026-08-28T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/10974-strong-demand-offsets-price-pressure-from-record-global-soybean-crop
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong Chinese purchases and crush demand are offsetting record supply, keeping soybean and meal prices firm for feed input costs.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-11-01 | [Palm Oil Magazine - CPO Prices Decline Amid Rising Global Soybean Demand, Friday, Oct 31, 2025 - Palm Oil Magazine](https://feedsoft.ai/events/4448-palm-oil-magazine-cpo-prices-decline-amid-rising-global-soybean-demand-friday.md) | +0.2% | +2.6% |
| SOY | 2021-05-13 | [China's record soybean demand forecast to support prices till 2022: sources](https://feedsoft.ai/events/47090-china-s-record-soybean-demand-forecast-to-support-prices-till-2022-sources.md) | -7.4% | -7.0% |
| SOY | 2020-07-16 | [Soybean Rises on Stronger Chinese Demand](https://feedsoft.ai/events/52164-soybean-rises-on-stronger-chinese-demand.md) | +1.5% | +0.5% |
| SOY | 2021-04-13 | [China's Q1 soybean, grains imports surge on strong demand](https://feedsoft.ai/events/11178-china-s-q1-soybean-grains-imports-surge-on-strong-demand.md) | +4.9% | +17.2% |
| SOY | 2026-09-12 | [Argentina soybean sales speed up as prices rise on China demand, US crop concerns - Markets - Business Recorder](https://feedsoft.ai/events/13779-argentina-soybean-sales-speed-up-as-prices-rise-on-china-demand-us-crop.md) | +1.8% | +0.9% |
| SBM | 2021-05-13 | [China's record soybean demand forecast to support prices till 2022: sources](https://feedsoft.ai/events/47090-china-s-record-soybean-demand-forecast-to-support-prices-till-2022-sources.md) | -9.3% | -13.4% |
| SBM | 2026-07-21 | [Global demand for soybean meal drives prices up in Brazil and the U.S.](https://feedsoft.ai/events/18436-global-demand-for-soybean-meal-drives-prices-up-in-brazil-and-the-u-s.md) | -0.7% | -2.6% |
| SBM | 2023-07-19 | [Freight rates rebound on stronger Chinese soybean demand - Fastmarkets](https://feedsoft.ai/events/35234-freight-rates-rebound-on-stronger-chinese-soybean-demand-fastmarkets.md) | +2.2% | -6.8% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/strong-demand-offsets-price-pressure-from-record-global-soybean-crop/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.