Soybean imports forecast at two-year low crimp China's ailing hog feed makers

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.

• Sep 12, 2018China slashes 2018/19 soybean import forecast as U.S. trade war crimps buying-0.8%
• Jan 17, 2024China's Q1 Soybean Imports Slow to Four-Year Low as Pig Herds Shrink - Pork Business+1.0%
• Nov 7, 2022China’s October soybean imports slide to lowest in eight years+0.3%
• Apr 20, 2022China's March soybean imports from U.S. fall from previous year-0.7%
• Jan 25, 2019China's 2018 soybean imports from U.S. hit lowest since 2008-0.1%

After 342 past bullish trade events, SBM moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.

• Nov 7, 2022China’s October soybean imports slide to lowest in eight years-3.0%
• Jul 3, 2024China poised for record July soybean imports on low prices+1.3%
• Nov 2, 2016USDA: China’s soybean imports, feed use expected to increase+2.0%
• Nov 7, 2020China's Oct soybean imports jump 41% on year on swine fever recovery | S&P Global+1.5%
• Jan 13, 2023China's December soybean imports jump, annual volumes fall for 2nd year - DatamarNews-6.6%

After 85 past bullish trade events, HOGS moved a median +0.8% over 5 sessions (54% higher; middle half -1.8% to +4.5%), and +4.0% over 20.

• Aug 29, 2017A Closer Look at China's Pork Imports-1.5%
• May 23, 2025US farmers feel pain as soybean exports to China flatline despite tariff truce | South China Morning Post+2.2%
• May 19, 2022Pig outlook: Lean hog futures post solid price recovery, China pork imports drop | The Pig Site+3.1%
• Mar 15, 2019China Buys Most US Pork in Two Years as Futures Extend Rally - TT+13.9%
• Feb 6, 2020How Chinese tariffs on U.S. imports will stand after February 14 cuts-4.0%