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USDA FAS attaché report forecasts China's soybean imports at 108 million tonnes for marketing year 2026/27, up 2 million from the prior year's projection. It also notes falling Chinese edible oil demand and expected resumption of Canadian canola imports after tariff cuts.
Higher projected Chinese soybean imports support global soy and meal demand, while Canadian canola returning to China could compete with soymeal and tighten competing oilseed meal flows.
fas.usda.govMar 19, 2026After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
