# Talk of Soymeal Imports Pressures Beans | Feed & Grain

> Corn, soybeans and Chicago wheat drifted lower as traders rumored that Argentine soymeal would be shipped to the U.S. after a sharp rally. Rainfall in Mato Grosso ran about 30% below normal in October, delaying planting. Private analysts were set to update crop projections before the November USDA report.

- Date: 2020-10-02 · published 2020-10-02T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/12135-talk-of-soymeal-imports-pressures-beans-feed-and-grain
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The inverted U.S. futures market gives domestic users an incentive to import Argentine meal, which could cap domestic meal price gains. Dry Brazilian weather is a support factor that could offset the import pressure.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-11-30 | [China September Soybean Imports Ease \| Feed & Grain](https://feedsoft.ai/events/50150-china-september-soybean-imports-ease-feed-and-grain.md) | -2.4% | +4.2% |
| SBM | 2017-02-21 | [Romania sharply decreased imports of soybean meal](https://feedsoft.ai/events/72575-romania-sharply-decreased-imports-of-soybean-meal.md) | -2.5% | -3.8% |
| SBM | 2021-07-26 | [Protein pinch: China's soybean imports to slow over rest of 2021 on curbed meal use](https://feedsoft.ai/events/45921-protein-pinch-china-s-soybean-imports-to-slow-over-rest-of-2021-on-curbed-meal.md) | -0.2% | -0.4% |
| SBM | 2019-09-05 | [China allows imports of soybean meal, rapeseed meal, sunflower meal and sugar beet pulp from Russia](https://feedsoft.ai/events/57185-china-allows-imports-of-soybean-meal-rapeseed-meal-sunflower-meal-and-sugar.md) | -0.9% | +2.8% |
| SBM | 2022-08-01 | [China is intensifying the import of soybean meal from Brazil, rejecting Ukrainian products](https://feedsoft.ai/events/40150-china-is-intensifying-the-import-of-soybean-meal-from-brazil-rejecting.md) | +0.9% | -2.8% |
| SOY | 2020-11-30 | [China September Soybean Imports Ease \| Feed & Grain](https://feedsoft.ai/events/50150-china-september-soybean-imports-ease-feed-and-grain.md) | -2.4% | +5.3% |
| SOY | 2019-12-11 | [U.S. grains: Profit-taking pressures soybeans - Country Guide](https://feedsoft.ai/events/9817-u-s-grains-profit-taking-pressures-soybeans-country-guide.md) | +3.1% | +3.6% |
| SOY | 2020-12-01 | [China Targets U.S. Farm Imports With Tariffs \| Feed & Grain](https://feedsoft.ai/events/49501-china-targets-u-s-farm-imports-with-tariffs-feed-and-grain.md) | -0.9% | +10.9% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/events/event-calendar/blog/15401298/talk-of-soymeal-imports-pressures-beans

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