# China's July Soybean Imports Slide Amid Poor Crush Margins, Weaker Demand | Checkout

> China's soybean imports in July 2022 fell 9.1% from a year earlier to 7.88 million tonnes, and were also down 4.5% from June. Poor crush margins, weaker pork-related demand and COVID-related restrictions reduced buying interest.

- Date: 2022-08-08 · published 2022-08-08T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14910-china-s-july-soybean-imports-slide-amid-poor-crush-margins-weaker-demand
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower Chinese crush demand reduces soybean and soymeal demand from the largest buyer, which pressures global soybean and soymeal prices. Weak margins for pig farmers also signal softer feed demand.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-04-05 | [China's soybean demand likely to remain soft until May amid poor crush margins](https://feedsoft.ai/events/36386-china-s-soybean-demand-likely-to-remain-soft-until-may-amid-poor-crush-margins.md) | -0.9% | -4.6% |
| SOY | 2022-01-14 | [China 2021 soybean imports slip 3.8% on falling margins, weak demand](https://feedsoft.ai/events/7370-china-2021-soybean-imports-slip-3-8-on-falling-margins-weak-demand.md) | +3.6% | +15.9% |
| SOY | 2021-03-24 | [Weak crush margins likely to keep China's soybean demand low until May: sources \| S&P Global](https://feedsoft.ai/events/48203-weak-crush-margins-likely-to-keep-china-s-soybean-demand-low-until-may-sources.md) | -4.0% | +5.2% |
| SOY | 2018-08-20 | [China’s soybean crush margin weakens - McKeany-Flavell](https://feedsoft.ai/events/63602-china-s-soybean-crush-margin-weakens-mckeany-flavell.md) | -4.5% | -6.6% |
| SOY | 2021-02-03 | [China washes out soybean, vegoil cargoes amid poor margins - Fastmarkets](https://feedsoft.ai/events/48721-china-washes-out-soybean-vegoil-cargoes-amid-poor-margins-fastmarkets.md) | +3.5% | +4.1% |
| SBM | 2023-04-05 | [China's soybean demand likely to remain soft until May amid poor crush margins](https://feedsoft.ai/events/36386-china-s-soybean-demand-likely-to-remain-soft-until-may-amid-poor-crush-margins.md) | +0.2% | -6.0% |
| SBM | 2022-01-14 | [China 2021 soybean imports slip 3.8% on falling margins, weak demand](https://feedsoft.ai/events/7370-china-2021-soybean-imports-slip-3-8-on-falling-margins-weak-demand.md) | -4.6% | +6.9% |
| SBM | 2021-03-24 | [Weak crush margins likely to keep China's soybean demand low until May: sources \| S&P Global](https://feedsoft.ai/events/48203-weak-crush-margins-likely-to-keep-china-s-soybean-demand-low-until-may-sources.md) | -0.5% | +2.5% |

## Sources

- checkout.ie: https://www.checkout.ie/supply-chain/chinas-july-soybean-imports-slide-amid-poor-crush-margins-weaker-demand-195327

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