# China reduces soybean and corn imports, says customs - DatamarNews

> Chinese customs data show soybean imports in November 2022 fell 14.2% year on year to 7.35 million tonnes. Corn imports in October were 5.8% lower than a year earlier, while wheat and palm oil imports rose. Year-to-date soybean imports reached 80.53 million tonnes.

- Date: 2022-12-21 · published 2022-12-21T12:00:00.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/14879-china-reduces-soybean-and-corn-imports-says-customs-datamarnews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower Chinese soybean and corn imports reduce global demand for these grains and put downward pressure on prices. Rising wheat and palm oil imports partly offset the weakness in feed grains.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-04-20 | [China sees lower soybean, pork imports in 2026 and over next decade, report shows - Grainews](https://feedsoft.ai/events/19724-china-sees-lower-soybean-pork-imports-in-2026-and-over-next-decade-report-shows.md) | -0.3% | +0.8% |
| SOY | 2021-08-12 | [Casde: China cuts 20/2021 soybean imports, demand estimates - Fastmarkets](https://feedsoft.ai/events/45563-casde-china-cuts-20-2021-soybean-imports-demand-estimates-fastmarkets.md) | -3.4% | -10.4% |
| SOY | 2017-01-12 | [Corn and Soybean Production Up in 2016, USDA Reports](https://feedsoft.ai/events/72836-corn-and-soybean-production-up-in-2016-usda-reports.md) | +6.7% | +4.7% |
| SOY | 2023-07-12 | [USDA Report Bearish News for Corn and Soybeans](https://feedsoft.ai/events/34982-usda-report-bearish-news-for-corn-and-soybeans.md) | -1.9% | -6.0% |
| SOY | 2024-06-12 | [China May soybean imports fall 11.6% on year](https://feedsoft.ai/events/14742-china-may-soybean-imports-fall-11-6-on-year.md) | -0.3% | -3.0% |
| CORN | 2017-01-12 | [Corn and Soybean Production Up in 2016, USDA Reports](https://feedsoft.ai/events/72836-corn-and-soybean-production-up-in-2016-usda-reports.md) | +0.1% | +1.9% |
| CORN | 2023-07-12 | [USDA Report Bearish News for Corn and Soybeans](https://feedsoft.ai/events/34982-usda-report-bearish-news-for-corn-and-soybeans.md) | -5.7% | -8.7% |
| CORN | 2016-06-16 | [USDA exports - Soybean sales up as China buys](https://feedsoft.ai/events/10754-usda-exports-soybean-sales-up-as-china-buys.md) | -5.4% | -14.1% |

## Sources

- datamarnews.com: https://datamarnews.com/noticias/china-reduces-soybean-and-corn-imports-says-customs/

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