
The USDA FAS projects China's soybean imports at 108 million tonnes for 2026-27, up 2 million from 2025-26, driven by stronger soybean meal demand in feed. China had bought or shipped 10.8 million of its 12 million tonne US soybean purchase commitment as of February 26.
Higher Chinese import demand supports soybean and soybean meal prices, and the US purchase commitment underpins US export flows. Strong poultry and aquaculture feed demand also supports meal pricing.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.