# China poised for record July soybean imports on low prices

> China is expected to import record soybean volumes in July, with buyers booking about 12 to 13 million tonnes for July arrival. Lower prices and fears of renewed U.S. tariffs under a possible Trump presidency are encouraging importers to build stocks.

- Date: 2024-07-03 · published 2024-07-03T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14735-china-poised-for-record-july-soybean-imports-on-low-prices
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Heavy Chinese buying lifts global soybean demand and supports prices, while pre-emptive stockpiling creates a risk of demand dropping off if tariff fears fade.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-12-08 | [China Set for Record 2025 Soybean Imports on Brazil Buys, U.S. Trade Truce](https://feedsoft.ai/events/21532-china-set-for-record-2025-soybean-imports-on-brazil-buys-u-s-trade-truce.md) | -2.6% | -5.7% |
| SOY | 2024-09-10 | [China Aug soybean imports at record 12.14mn tons](https://feedsoft.ai/events/14717-china-aug-soybean-imports-at-record-12-14mn-tons.md) | +0.5% | +3.4% |
| 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 | 2020-11-07 | [China's Oct soybean imports jump 41% on year on swine fever recovery \| S&P Global](https://feedsoft.ai/events/50147-china-s-oct-soybean-imports-jump-41-on-year-on-swine-fever-recovery-s-and-p.md) | +3.9% | +5.5% |
| SOY | 2023-01-17 | [China’s December soybean imports jump](https://feedsoft.ai/events/37768-china-s-december-soybean-imports-jump.md) | -3.1% | +0.3% |
| 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 | 2020-11-07 | [China's Oct soybean imports jump 41% on year on swine fever recovery \| S&P Global](https://feedsoft.ai/events/50147-china-s-oct-soybean-imports-jump-41-on-year-on-swine-fever-recovery-s-and-p.md) | +1.5% | +1.1% |
| SBM | 2022-08-16 | [Chinese soybean imports may be poised to rebound, USDA believes - Grain Price News](https://feedsoft.ai/events/40019-chinese-soybean-imports-may-be-poised-to-rebound-usda-believes-grain-price-news.md) | +1.1% | +2.9% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/china-poised-for-record-july-soybean-imports-on-low-prices/

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