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The American Soybean Association's chief economist notes China buys over 60% of world soybean trade and has the largest hog herd, with nearly 60% of the world's sows. China's population fell in 2022 for the first time in over 60 years, with births at 9.56 million and deaths at 10.41 million.
Fertility rates have dropped sharply.
Demographic decline and the dependence of China's pork sector on soymeal feed point to long-run structural limits on Chinese soybean import demand, which can cause large swings in soybean markets.
soygrowers.comFeb 2, 2023Not enough comparable past events yet for a historical read.
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.
