# Soymeal Demand Slowing in China

> Soybean meal demand in China is slowing as weaker economic growth reduces domestic chicken and pork demand. USDA cut its forecast for Chinese soybean crush and imports by 3 million tonnes each, to 94 million and 97 million tonnes, because negative crush margins slowed processing.

- Date: 2022-02-28 · published 2022-02-28T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/42704-soymeal-demand-slowing-in-china
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower Chinese crush and import forecasts reduce global soybean and soymeal demand, which is bearish for soybean meal prices. The smaller crush also trims soybean oil output, partly offsetting the meal effect.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-06-11 | [Why ‘cracking seven’ is a big deal for China’s currency](https://feedsoft.ai/events/58820-why-cracking-seven-is-a-big-deal-for-china-s-currency.md) | +6.3% | +2.8% |
| SOY | 2024-07-09 | [China’s central bank is stuck in a policy dilemma](https://feedsoft.ai/events/12299-china-s-central-bank-is-stuck-in-a-policy-dilemma.md) | -8.2% | -11.1% |
| SOY | 2018-05-04 | [China not purchasing soybeans from the U.S. is not new](https://feedsoft.ai/events/65060-china-not-purchasing-soybeans-from-the-u-s-is-not-new.md) | -2.9% | -2.1% |
| SOY | 2022-08-25 | [Inflation-hit world cheers China’s falling yuan \| Reuters](https://feedsoft.ai/events/40261-inflation-hit-world-cheers-china-s-falling-yuan-reuters.md) | -3.4% | -6.6% |
| SOY | 2019-06-03 | [China: Revising yuan lower but 7.0 should hold \| articles \| ING THINK](https://feedsoft.ai/events/58821-china-revising-yuan-lower-but-7-0-should-hold-articles-ing-think.md) | -2.4% | +2.5% |
| SBM | 2018-05-04 | [China not purchasing soybeans from the U.S. is not new](https://feedsoft.ai/events/65060-china-not-purchasing-soybeans-from-the-u-s-is-not-new.md) | -2.0% | -6.1% |
| SBM | 2017-12-19 | [China’s changing feed industry \| World-grain.com \| December 19, 2017 17:33 \| World Grain](https://feedsoft.ai/events/67467-china-s-changing-feed-industry-world-grain-com-december-19-2017-17-33-world.md) | -1.0% | +3.1% |
| SBM | 2026-10-29 | [The sharp fall in the real exchange rate has caused soybean meal prices to collapse in Brazil and China, which is increasing pressure on prices in Ukraine.](https://feedsoft.ai/events/1392-the-sharp-fall-in-the-real-exchange-rate-has-caused-soybean-meal-prices-to.md) | -3.3% | — |

## Sources

- krishijagran.com: https://krishijagran.com/commodity-news/soymeal-demand-slowing-in-china/

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