# China: Oilseeds and Products Update | USDA Foreign Agricultural Service

> USDA's Foreign Agricultural Service reported that China's MY 24/25 soybean production is unchanged at 19.6 MMT and soybean imports at 103 MMT. It also raised the soybean crush forecast by 1 MMT, reflecting stronger feed demand for soybean meal.

- Date: 2024-09-05 · published 2024-09-05T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/28419-china-oilseeds-and-products-update-usda-foreign-agricultural-service
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A larger Chinese crush and firmer meal demand support soybean meal and soybean prices, and they lift Chinese import needs. Lower meal prices in China could encourage greater use of meal in feed.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-03-19 | [China: Oilseeds and Products Annual \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/14592-china-oilseeds-and-products-annual-usda-foreign-agricultural-service.md) | +0.9% | +0.2% |
| SOY | 2025-11-21 | [Argentina: Oilseeds and Products Update \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/13824-argentina-oilseeds-and-products-update-usda-foreign-agricultural-service.md) | +1.4% | -6.5% |
| SOY | 2023-08-01 | [China: China Trade Data Update - 1st Half CY2023 \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/14818-china-china-trade-data-update-1st-half-cy2023-usda-foreign-agricultural-service.md) | -2.2% | -3.5% |
| SOY | 2021-12-08 | [Export Sales to China and Mexico \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/43568-export-sales-to-china-and-mexico-usda-foreign-agricultural-service.md) | +0.7% | +10.7% |
| SOY | 2024-08-28 | [Export Sales to China, Colombia, and Mexico \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/14724-export-sales-to-china-colombia-and-mexico-usda-foreign-agricultural-service.md) | +4.0% | +8.9% |
| SBM | 2026-03-19 | [China: Oilseeds and Products Annual \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/14592-china-oilseeds-and-products-annual-usda-foreign-agricultural-service.md) | +0.4% | +3.2% |
| SBM | 2025-11-21 | [Argentina: Oilseeds and Products Update \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/13824-argentina-oilseeds-and-products-update-usda-foreign-agricultural-service.md) | -0.8% | -5.5% |
| SBM | 2023-12-04 | [Export Sales to China, Mexico, and Philippines \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/14790-export-sales-to-china-mexico-and-philippines-usda-foreign-agricultural-service.md) | -1.3% | -7.5% |

## Sources

- fas.usda.gov: https://www.fas.usda.gov/data/china-oilseeds-and-products-update-35

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