# China’s October soybean imports slide to lowest in eight years

> China's soybean imports fell 19% year on year in October to 4.14 million tonnes, the lowest for any month since 2014, after buyers cut purchases amid high global prices and negative crush margins. Imports for the first ten months were down 7.4%, and the pace was below analyst expectations.

- Date: 2022-11-07 · published 2022-11-07T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/38680-china-s-october-soybean-imports-slide-to-lowest-in-eight-years
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weak Chinese import demand reduces global soybean demand, but tight domestic soymeal supply is pushing China to rebuild stocks, which supports future purchases and the meal price.

## Read by commodity

- SBM: bullish ▲
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-01-25 | [China's 2018 soybean imports from U.S. hit lowest since 2008](https://feedsoft.ai/events/60959-china-s-2018-soybean-imports-from-u-s-hit-lowest-since-2008.md) | -0.1% | -0.6% |
| SOY | 2025-10-20 | [China imports no US soybeans in September for first time in seven years \| Reuters](https://feedsoft.ai/events/14630-china-imports-no-us-soybeans-in-september-for-first-time-in-seven-years-reuters.md) | +2.2% | +9.1% |
| SOY | 2024-01-17 | [China's Q1 Soybean Imports Slow to Four-Year Low as Pig Herds Shrink - Pork Business](https://feedsoft.ai/events/32120-china-s-q1-soybean-imports-slow-to-four-year-low-as-pig-herds-shrink-pork.md) | +1.0% | -3.3% |
| SOY | 2018-10-18 | [Trade off: China soybean imports set for biggest drop in 12 years amid tariff conflict](https://feedsoft.ai/events/62396-trade-off-china-soybean-imports-set-for-biggest-drop-in-12-years-amid-tariff.md) | -4.0% | -1.7% |
| SOY | 2022-10-06 | [Soybean imports forecast at two-year low crimp China's ailing hog feed makers](https://feedsoft.ai/events/39130-soybean-imports-forecast-at-two-year-low-crimp-china-s-ailing-hog-feed-makers.md) | +1.9% | +5.1% |
| SBM | 2022-10-06 | [Soybean imports forecast at two-year low crimp China's ailing hog feed makers](https://feedsoft.ai/events/39130-soybean-imports-forecast-at-two-year-low-crimp-china-s-ailing-hog-feed-makers.md) | +4.4% | +5.8% |
| SBM | 2016-11-02 | [USDA: China’s soybean imports, feed use expected to increase](https://feedsoft.ai/events/73840-usda-china-s-soybean-imports-feed-use-expected-to-increase.md) | +2.0% | +0.5% |
| SBM | 2017-10-16 | [China to Import 110 MMT Soybeans Annually Within Five Years](https://feedsoft.ai/events/68326-china-to-import-110-mmt-soybeans-annually-within-five-years.md) | -2.3% | -3.1% |

## Sources

- datamarnews.com: https://datamarnews.com/noticias/chinas-october-soybean-imports-slide-to-lowest-in-eight-years/
- ukragroconsult.com: https://ukragroconsult.com/en/news/chinas-october-soybean-imports-slide-to-lowest-in-eight-years/
- stonex.com: https://www.stonex.com/en-us/insights/soybean-weekly-analysis-2022-11-11/

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