China soybean orders lower on moderate animal protein growth

After 803 past bearish trade events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.

• Jul 26, 2021Protein pinch: China's soybean imports to slow over rest of 2021 on curbed meal use+1.0%
• Apr 21, 2025Report: China halts US corn, soybean orders | World Grain+1.3%
• Aug 8, 2018China has expanded the use of low protein animal feed formulas-2.8%
• Jun 5, 2017China cancels soy orders as losses mount in crushing+2.2%
• Jun 2, 2023Easing of China’s soybean appetite puts Brazil crop growth into question+2.5%

After 384 past bearish trade events, SBM moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.

• Jul 26, 2021Protein pinch: China's soybean imports to slow over rest of 2021 on curbed meal use-0.2%
• Aug 8, 2018China has expanded the use of low protein animal feed formulas+0.7%
• Jun 5, 2017China cancels soy orders as losses mount in crushing+1.3%
• Dec 5, 2018Soybean Prices Depend on China - Purdue Agricultural Economics-0.6%
• Nov 25, 2020Chinese buyers look to cancel U.S. soybean orders as processing margins shrink | Financial Post-2.2%