# Tight soybean supply weighs on demand recovery in China amid surging crush margin | World Ports Organization

> Per market sources cited Oct 21, 2022, China's soybean replacement crush margin surged fivefold in a month, prompting Chinese crushers to raise October and November soybean demand estimates. Tight spot supply from Brazil and delayed U.S. loadings on the Mississippi are making shipments hard to secure.

- Date: 2022-10-25 · published 2022-10-25T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/39165-tight-soybean-supply-weighs-on-demand-recovery-in-china-amid-surging-crush
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Strong Chinese crush demand and tight Brazilian and U.S. supply support soybean and soymeal prices, though high prices may soon cap buying.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-10-28 | [Strong Chinese demand supports soybean recovery in Chicago - SAFRAS & Market](https://feedsoft.ai/events/140-strong-chinese-demand-supports-soybean-recovery-in-chicago-safras-and-market.md) | -1.6% | — |
| SOY | 2021-09-14 | [China snaps up Brazil soybeans on urgent demand, tight US supply - Fastmarkets](https://feedsoft.ai/events/45119-china-snaps-up-brazil-soybeans-on-urgent-demand-tight-us-supply-fastmarkets.md) | -0.8% | -3.5% |
| SOY | 2021-04-13 | [China's Q1 soybean, grains imports surge on strong demand](https://feedsoft.ai/events/11178-china-s-q1-soybean-grains-imports-surge-on-strong-demand.md) | +4.9% | +17.2% |
| SOY | 2022-12-23 | [Commodities 2023: China's soybean imports to recover on improved margins, restocking needs](https://feedsoft.ai/events/14881-commodities-2023-china-s-soybean-imports-to-recover-on-improved-margins.md) | +3.5% | +1.4% |
| SOY | 2021-01-14 | [China's 2020 soybean imports climb 13% to record as pig sector demand recovers - Markets - Business Recorder](https://feedsoft.ai/events/49142-china-s-2020-soybean-imports-climb-13-to-record-as-pig-sector-demand-recovers.md) | -2.9% | -3.1% |
| SBM | 2022-12-23 | [Commodities 2023: China's soybean imports to recover on improved margins, restocking needs](https://feedsoft.ai/events/14881-commodities-2023-china-s-soybean-imports-to-recover-on-improved-margins.md) | +4.6% | +3.8% |
| SBM | 2021-01-14 | [China's 2020 soybean imports climb 13% to record as pig sector demand recovers - Markets - Business Recorder](https://feedsoft.ai/events/49142-china-s-2020-soybean-imports-climb-13-to-record-as-pig-sector-demand-recovers.md) | -3.0% | -5.9% |
| SBM | 2021-05-13 | [China's record soybean demand forecast to support prices till 2022: sources](https://feedsoft.ai/events/47090-china-s-record-soybean-demand-forecast-to-support-prices-till-2022-sources.md) | -9.3% | -13.4% |

## Sources

- worldports.org: https://www.worldports.org/tight-soybean-supply-weighs-on-demand-recovery-in-china-amid-surging-crush-margin/

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