# Evening Report | China pencils in soybean-import slash - Pro Farmer

> China's agricultural outlook projects soybean imports to fall 6.1% in 2026 from 2025, with pork and dairy imports also lower. USDA data showed 30% of US winter wheat rated good to excellent, down from 34% a week earlier, amid Plains drought.

- Date: 2026-04-20 · published 2026-04-20T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14587-evening-report-china-pencils-in-soybean-import-slash-pro-farmer
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lower projected Chinese soybean imports weigh on global soybean demand. Deteriorating US winter wheat conditions tighten hard red wheat supplies and support wheat prices.

## Read by commodity

- SOY: bearish ▼
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2026-04-27 | 5 | +9.3% | 2.9 | Winter wheat ratings falling to 30% good/excellent amid Plains drought signaled lower HRW yield potential. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-03-16 | [Evening Report \| Long liquidation - Pro Farmer](https://feedsoft.ai/events/4712-evening-report-long-liquidation-pro-farmer.md) | -4.1% | -4.0% |
| SOY | 2026-01-09 | [The Farmer's Exchange Online Report Shows Changes in China's Soybean Reliance](https://feedsoft.ai/events/21052-the-farmer-s-exchange-online-report-shows-changes-in-china-s-soybean-reliance.md) | +0.6% | +6.5% |
| SOY | 2018-05-04 | [Angst in farm belt after reports that China halted buying US soybeans](https://feedsoft.ai/events/65058-angst-in-farm-belt-after-reports-that-china-halted-buying-us-soybeans.md) | -2.9% | -2.1% |
| 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 | 2018-11-01 | [China slashed its imports of U.S. sorghum, soybean, and corn in September](https://feedsoft.ai/events/61930-china-slashed-its-imports-of-u-s-sorghum-soybean-and-corn-in-september.md) | +3.4% | +5.8% |
| KWHEAT | 2025-10-27 | [After the Bell \| Soybeans surge on trade deal news - Pro Farmer](https://feedsoft.ai/events/4790-after-the-bell-soybeans-surge-on-trade-deal-news-pro-farmer.md) | +4.6% | +1.9% |
| KWHEAT | 2026-10-29 | [After the Bell \| Wheat bounces on strong export sales - Pro Farmer](https://feedsoft.ai/events/1994-after-the-bell-wheat-bounces-on-strong-export-sales-pro-farmer.md) | -2.3% | — |
| KWHEAT | 2020-03-20 | [CBOT wheat futures rise on reports of China buying US wheat](https://feedsoft.ai/events/6106-cbot-wheat-futures-rise-on-reports-of-china-buying-us-wheat.md) | +4.7% | +2.8% |

## Sources

- profarmer.com: https://www.profarmer.com/pro-farmer-max/evening-report/evening-report-china-pencils-soybean-import-slash

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