# Chinese soybean imports may be poised to rebound, USDA believes - Grain Price News

> USDA's Brasilia bureau says China's soybean imports fell 5.9% year on year in the first seven months of 2022 to 54.17m tonnes, with July down 9.1%. The report expects Chinese demand to rebound in the second half as US harvest supplies arrive and hog herd rebuilding lifts feed needs.

- Date: 2022-08-16 · published 2022-08-16T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/40019-chinese-soybean-imports-may-be-poised-to-rebound-usda-believes-grain-price-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A likely pickup in Chinese buying would tighten soybean and meal availability after Brazil's smaller crop, supporting soybean meal demand and prices. Delayed Chinese purchases so far have been pressuring US prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-07-03 | [China poised for record July soybean imports on low prices](https://feedsoft.ai/events/14735-china-poised-for-record-july-soybean-imports-on-low-prices.md) | -2.0% | -11.7% |
| SOY | 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) | +1.8% | +4.6% |
| SOY | 2022-10-24 | [China's monthly soybean imports jump \| World Grain](https://feedsoft.ai/events/14892-china-s-monthly-soybean-imports-jump-world-grain.md) | -0.6% | +2.3% |
| SOY | 2024-06-13 | [Chinese demand boosts soybean price outlook - Brownfield Ag News](https://feedsoft.ai/events/29786-chinese-demand-boosts-soybean-price-outlook-brownfield-ag-news.md) | -1.9% | -3.6% |
| SOY | 2024-04-04 | [Chinese grain imports seen near record high \| The Western Producer](https://feedsoft.ai/events/14755-chinese-grain-imports-seen-near-record-high-the-western-producer.md) | -1.5% | -2.2% |
| SBM | 2024-07-03 | [China poised for record July soybean imports on low prices](https://feedsoft.ai/events/14735-china-poised-for-record-july-soybean-imports-on-low-prices.md) | +1.3% | -3.9% |
| SBM | 2022-12-13 | [Towards a rebound in Chinese pork imports in 2023](https://feedsoft.ai/events/38233-towards-a-rebound-in-chinese-pork-imports-in-2023.md) | +0.1% | +11.1% |
| 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% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/08/16/chinese-soybean-imports-may-be-poised-to-rebound-usda-believes/

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