# Oilseed futures spike; State stockpiler buys rapeseed oil

> Chinese oilseed futures spiked on Thursday as a low-water draft issue on a key US waterway raised the risk of disrupted soybean shipments to China next month, with soymeal and rapeseed meal gaining 1-3% and No.2 soybeans rising nearly 6%. Sinograin failed to buy any of its 4,000-ton rapeseed oil tender from private firms, with national rapeseed oil prices near a record 14,500 yuan/ton.

- Date: 2022-09-29 · published 2022-09-29T12:00:00.000Z
- Category: logistics · region China · magnitude medium
- Page: https://feedsoft.ai/events/39653-oilseed-futures-spike-state-stockpiler-buys-rapeseed-oil
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Shipment risk from low Mississippi water and record domestic rapeseed oil prices tighten supply for Chinese feed and oil buyers, supporting soybean and meal prices in the near term.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-03-03 | [Ocean rate spike could steer exports to US \| World Grain](https://feedsoft.ai/events/12925-ocean-rate-spike-could-steer-exports-to-us-world-grain.md) | +0.5% | -0.8% |
| SOY | 2024-04-29 | [Argentina oilseed union calls port strike, ETHRWorld](https://feedsoft.ai/events/30762-argentina-oilseed-union-calls-port-strike-ethrworld.md) | +3.6% | +7.6% |
| SOY | 2020-09-29 | [Argentine cereal and oilseed exports stopped by grain inspectors' strike — MercoPress](https://feedsoft.ai/events/50973-argentine-cereal-and-oilseed-exports-stopped-by-grain-inspectors-strike.md) | +2.5% | +9.2% |
| SOY | 2025-02-26 | [Argentine oilseed union threatens strike in key soy processing plants](https://feedsoft.ai/events/13877-argentine-oilseed-union-threatens-strike-in-key-soy-processing-plants.md) | -4.6% | -2.9% |
| SOY | 2021-11-04 | [Argentine oilseed workers ordered by government to end hours-long strike](https://feedsoft.ai/events/14069-argentine-oilseed-workers-ordered-by-government-to-end-hours-long-strike.md) | -2.3% | +1.0% |
| SBM | 2024-06-27 | [Argentine oilseed union strikes as labor reform up for vote](https://feedsoft.ai/events/13914-argentine-oilseed-union-strikes-as-labor-reform-up-for-vote.md) | +1.8% | -2.9% |
| SBM | 2021-06-03 | [Argentine oilseed and grain shipments under threat from new strike…](https://feedsoft.ai/events/46406-argentine-oilseed-and-grain-shipments-under-threat-from-new-strike.md) | -1.8% | -4.4% |
| SBM | 2025-03-12 | [Argentina oilseed strike called off but Vicentin workers stick to plan](https://feedsoft.ai/events/13871-argentina-oilseed-strike-called-off-but-vicentin-workers-stick-to-plan.md) | +1.6% | -0.4% |

## Sources

- sitoniaconsulting.com: https://sitoniaconsulting.com/2022/09/29/oilseed-futures-spike-state-stockpiler-buys-rapeseed-oil/?amp=1&noamp=mobile

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