# Chinese soybean crushers slow bean buying on poor margins - Manitoba Co-operator

> Chinese soybean crushers have slowed bean purchases for deliveries through August because of poor crush margins. Less than 20% of expected June-August demand had been covered, and soymeal demand has fallen as hog and poultry feed use declined.

- Date: 2022-05-03 · published 2022-05-03T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14933-chinese-soybean-crushers-slow-bean-buying-on-poor-margins-manitoba-co-operator
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Weaker Chinese crush demand and lower soymeal use reduce import demand for soybeans and meal, which pressures soybean and soymeal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-12-09 | [Chinese importers scoop up Brazilian soybeans - Manitoba Co-operator](https://feedsoft.ai/events/55633-chinese-importers-scoop-up-brazilian-soybeans-manitoba-co-operator.md) | +2.0% | +5.1% |
| SOY | 2023-06-29 | [Soybean influx into China cools buying appetite - Manitoba Co-operator](https://feedsoft.ai/events/35463-soybean-influx-into-china-cools-buying-appetite-manitoba-co-operator.md) | +5.2% | +5.6% |
| SOY | 2020-01-31 | [Beijing is in control of global soybean market - Manitoba Co-operator](https://feedsoft.ai/events/55112-beijing-is-in-control-of-global-soybean-market-manitoba-co-operator.md) | +0.5% | +0.8% |
| SOY | 2019-05-09 | [U.S. grains: Soy futures break 10-year low on China trade tensions - Manitoba Co-operator](https://feedsoft.ai/events/59134-u-s-grains-soy-futures-break-10-year-low-on-china-trade-tensions-manitoba-co.md) | +2.6% | +6.7% |
| SOY | 2020-11-25 | [Chinese buyers look to cancel U.S. soybean orders as processing margins shrink \| Financial Post](https://feedsoft.ai/events/50175-chinese-buyers-look-to-cancel-u-s-soybean-orders-as-processing-margins-shrink.md) | -3.2% | +5.7% |
| SBM | 2019-12-09 | [Chinese importers scoop up Brazilian soybeans - Manitoba Co-operator](https://feedsoft.ai/events/55633-chinese-importers-scoop-up-brazilian-soybeans-manitoba-co-operator.md) | -0.6% | -0.3% |
| SBM | 2023-06-29 | [Soybean influx into China cools buying appetite - Manitoba Co-operator](https://feedsoft.ai/events/35463-soybean-influx-into-china-cools-buying-appetite-manitoba-co-operator.md) | +3.0% | +14.0% |
| SBM | 2020-01-31 | [Beijing is in control of global soybean market - Manitoba Co-operator](https://feedsoft.ai/events/55112-beijing-is-in-control-of-global-soybean-market-manitoba-co-operator.md) | -1.1% | +2.4% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/news-opinion/news/chinese-soybean-crushers-slow-bean-buying-on-poor-margins/

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