China’s reliance on soybean imports continues despite cutback plans

After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.

• Jun 7, 2024China to remain reliant on us soybeans and sorghum despite self-sufficiency push - Chinadaily.com.cn-0.9%
• Jan 31, 2018Despite Continued Challenges, China Offers Huge Potential for U.S. Farm Exports | USDA Foreign Agricultural Service-1.4%
• Oct 17, 2025Deforestation for soy continues in Brazilian Cerrado despite EUDR looming+3.4%
• Oct 19, 2022In Argentina, controls spawn soybean and 'Netflix' currency rates | Reuters+0.7%
• Aug 26, 2021How to delink the UK’s soybean imports and livestock supply chains from deforestation in the Amazon - LSE Business Review-5.1%

After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.

• Apr 10, 2023China makes an effort to reduce soybean imports+0.7%
• Dec 31, 2025Can China Reduce Soybean Import Demand? Evaluating Soybean Meal Reduction Efforts+1.7%
• Apr 29, 2025US soybean futures fall on trade concerns, US planting pace+0.2%
• Jun 18, 2025China's big feed shift to curb soybean imports, strain small farmers-2.9%
• Jan 10, 2023China’s soybean imports have peaked and will keep falling as Beijing stresses food security, report says | South China Morning Post+2.5%

After 34 past bearish policy events, Lean Hogs moved a median -0.3% over 5 sessions (41% higher; middle half -1.6% to +1.3%), and -1.8% over 20.

• Jul 19, 2018Russian meat imports continue to fall-2.9%
• Mar 28, 2024China's Hog Herd Size to Remain in Surplus This Year Despite Smaller Sow Target - Pork Business+1.5%
• Jul 10, 2024Challenges and Shifts in Philippines’ Livestock Industry: Production, Imports, Price Trends, and Q Fever Risk – Industry Strategic Science and Technology Plans (ISPs) Platform+1.0%
• Nov 16, 2022China's pork prices to stay relatively stable: official - Chinadaily.com.cn-1.5%
• Oct 21, 2025China’s pork output jumps 7% as herd glut grows | The Pig Site-1.7%