# China snaps up U.S. beans while its hog herd remains under scrutiny

> China's soybean imports through October 2022 were 73.2 million tonnes, down 7.5% year on year. Its US purchases for shipment through August 2023 were close to 21 million tonnes as of Nov. 10, up 12% from a year earlier.

- Date: 2022-11-18 · published 2022-11-18T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14885-china-snaps-up-u-s-beans-while-its-hog-herd-remains-under-scrutiny
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong forward US purchases by China support US soybean export demand and prices, though weaker overall imports cap the upside. Soymeal demand tied to the hog herd is a key factor.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-06-18 | [Reuters: China scoops up U.S. soybeans on price plunge - Pro Farmer](https://feedsoft.ai/events/46429-reuters-china-scoops-up-u-s-soybeans-on-price-plunge-pro-farmer.md) | +3.1% | +9.4% |
| SOY | 2017-06-20 | [China may buy record volume of U.S. soybeans](https://feedsoft.ai/events/70349-china-may-buy-record-volume-of-u-s-soybeans.md) | -3.3% | +5.5% |
| SOY | 2025-11-17 | [Exclusive: China snaps up US soybeans after pledge to Trump, but at high price, traders say \| Reuters](https://feedsoft.ai/events/7888-exclusive-china-snaps-up-us-soybeans-after-pledge-to-trump-but-at-high-price.md) | +1.1% | -3.7% |
| SOY | 2022-02-04 | [China scoops up U.S. soybeans for next year but corn plans unclear](https://feedsoft.ai/events/14954-china-scoops-up-u-s-soybeans-for-next-year-but-corn-plans-unclear.md) | +1.9% | +8.5% |
| SOY | 2020-07-29 | [Bunge: China's herd of pigs is building up faster than](https://feedsoft.ai/events/52126-bunge-china-s-herd-of-pigs-is-building-up-faster-than.md) | -1.4% | +1.9% |
| SBM | 2025-11-17 | [Exclusive: China snaps up US soybeans after pledge to Trump, but at high price, traders say \| Reuters](https://feedsoft.ai/events/7888-exclusive-china-snaps-up-us-soybeans-after-pledge-to-trump-but-at-high-price.md) | -1.7% | -5.9% |
| SBM | 2026-10-28 | [China wants US soybeans. Its buyers prefer Brazil \| ThinkChina](https://feedsoft.ai/events/14541-china-wants-us-soybeans-its-buyers-prefer-brazil-thinkchina.md) | -3.8% | — |
| SBM | 2019-09-10 | [Crushing it: Argentine farmers cheer China soymeal deal while U.S. growers fret](https://feedsoft.ai/events/57091-crushing-it-argentine-farmers-cheer-china-soymeal-deal-while-u-s-growers-fret.md) | +2.3% | +3.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/china-snaps-up-us-beans-while-its-hog-herd-remains-under-scrutiny-2022-11-18/

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