# Tempered Chinese soy demand buoys canola outlook - Grain Central

> Rabobank says Chinese government moves to reduce soymeal inclusion in feed, cutting soymeal ratio from 15.3% in 2021 to a target of 12% by 2030, and raising domestic soybean output target to 23 Mt by 2025. The bank expects China's soybean import peak to be behind it.

- Date: 2023-01-23 · published 2023-01-23T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/37875-tempered-chinese-soy-demand-buoys-canola-outlook-grain-central
- 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

Lower Chinese soymeal inclusion reduces long-run soybean import demand, bearish for soybeans and soymeal, while potentially opening more demand for canola meal and canola from Australia.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-12-01 | [Chinese Traders Downplay Impact of New Animal Feed Guidelines \| Feed & Grain](https://feedsoft.ai/events/49773-chinese-traders-downplay-impact-of-new-animal-feed-guidelines-feed-and-grain.md) | -0.9% | +10.9% |
| SOY | 2022-09-22 | [China to Cut Soybean Meal in Livestock Feed \| Feed & Grain](https://feedsoft.ai/events/39574-china-to-cut-soybean-meal-in-livestock-feed-feed-and-grain.md) | -3.6% | -6.1% |
| SOY | 2025-12-31 | [Can China Reduce Soybean Import Demand? Evaluating Soybean Meal Reduction Efforts](https://feedsoft.ai/events/21488-can-china-reduce-soybean-import-demand-evaluating-soybean-meal-reduction-efforts.md) | +0.6% | +2.5% |
| SOY | 2021-09-25 | [Dreyfus, others shut soy crushers in China on power curbs - Grainews](https://feedsoft.ai/events/45120-dreyfus-others-shut-soy-crushers-in-china-on-power-curbs-grainews.md) | -3.0% | -5.0% |
| SOY | 2025-01-21 | [Daily Market Wire 24 January 2025 - Grain Central](https://feedsoft.ai/events/6892-daily-market-wire-24-january-2025-grain-central.md) | +1.1% | +0.4% |
| SBM | 2023-11-28 | [Argentines opt for change - Grain Central](https://feedsoft.ai/events/13948-argentines-opt-for-change-grain-central.md) | -7.4% | -10.7% |
| SBM | 2020-12-01 | [Chinese Traders Downplay Impact of New Animal Feed Guidelines \| Feed & Grain](https://feedsoft.ai/events/49773-chinese-traders-downplay-impact-of-new-animal-feed-guidelines-feed-and-grain.md) | -1.7% | +8.6% |
| SBM | 2025-07-02 | [Canada Know-Risk Market Outlook \| Canola Higher on Weather and Soybean Oil](https://feedsoft.ai/events/23872-canada-know-risk-market-outlook-canola-higher-on-weather-and-soybean-oil.md) | -1.2% | -1.9% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/tempered-chinese-soymeal-demand-buoys-canola-outlook/

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