# FAS: “2022/23 China Soybean Imports Raised to Record High” | Farm Policy News | Illinois

> USDA's Foreign Agricultural Service raised its 2022/23 China soybean import forecast to a record 100.0 million tons in its August oilseeds report. China had already imported about 84.5 million tons through 10 months, and 2023/24 imports are forecast at 99.0 million tons. Brazilian and other South American supply has been winning share from the US.

- Date: 2023-08-13 · published 2023-08-13T12:00:00.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/14820-fas-2022-23-china-soybean-imports-raised-to-record-high-farm-policy-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A record Chinese import forecast signals very strong global soybean demand, supporting soybean and meal prices, while the shift in origin affects US export competitiveness.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-04-07 | [2020 U.S. Ag Exports Second Highest on Record, Led by Soybeans, Corn and Pork to China \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47452-2020-u-s-ag-exports-second-highest-on-record-led-by-soybeans-corn-and-pork-to.md) | -2.1% | +11.2% |
| SOY | 2021-08-29 | [USDA Forecasts Record Farm Exports in FY 2021 and FY 2022 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/45418-usda-forecasts-record-farm-exports-in-fy-2021-and-fy-2022-farm-policy-news.md) | -5.6% | -5.3% |
| SOY | 2022-03-21 | [China to import record soybean volume in 2022-23 \| World Grain](https://feedsoft.ai/events/42291-china-to-import-record-soybean-volume-in-2022-23-world-grain.md) | +2.5% | +2.8% |
| SOY | 2026-01-14 | [China’s 2025 Soybean Imports Hit Record, Fueled by S. American Purchases](https://feedsoft.ai/events/14609-china-s-2025-soybean-imports-hit-record-fueled-by-s-american-purchases.md) | +4.0% | +9.8% |
| SOY | 2020-10-12 | [Smaller Corn and Soybean Supply Forecast, as Derecho Harvest Impact Grows \| Farm Policy News \| Illinois](https://feedsoft.ai/events/11788-smaller-corn-and-soybean-supply-forecast-as-derecho-harvest-impact-grows-farm.md) | -1.5% | +3.1% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2023/08/fas-2022-23-china-soybean-imports-raised-to-record-high/

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