# Grain Highlights 17.09.2021

> Chinese importers bought about 360,000 tonnes of Brazilian soybeans for October-November delivery, which is unusual for this time of year. China also cancelled 328,000 tonnes of US soybean purchases, while US Gulf terminals were still recovering from Hurricane Ida.

- Date: 2021-09-17 · published 2021-09-17T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/44926-grain-highlights-17-09-2021
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Shifting Chinese demand to Brazil and US export disruption support soybean and soymeal prices, since Brazil must cover the gap.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-03-26 | [China 2024 grain imports seen near record high](https://feedsoft.ai/events/14766-china-2024-grain-imports-seen-near-record-high.md) | -2.9% | -3.5% |
| SOY | 2021-08-17 | [India could allow soybean meal imports \| 2021-08-17  \| World Grain](https://feedsoft.ai/events/45647-india-could-allow-soybean-meal-imports-2021-08-17-world-grain.md) | -6.0% | -7.2% |
| SOY | 2020-07-17 | [Daily Market Wire 17 July 2020 - Grain Central](https://feedsoft.ai/events/6208-daily-market-wire-17-july-2020-grain-central.md) | +1.4% | +1.5% |
| SOY | 2022-04-04 | [USDA exports -- China buys corn - HighLine Grain Growers, Inc](https://feedsoft.ai/events/14943-usda-exports-china-buys-corn-highline-grain-growers-inc.md) | +6.7% | +5.8% |
| SOY | 2021-09-15 | [Daily Market Wire 16 September 2021 - Grain Central](https://feedsoft.ai/events/12294-daily-market-wire-16-september-2021-grain-central.md) | -0.2% | -6.1% |
| SBM | 2021-08-17 | [India could allow soybean meal imports \| 2021-08-17  \| World Grain](https://feedsoft.ai/events/45647-india-could-allow-soybean-meal-imports-2021-08-17-world-grain.md) | -3.2% | -2.8% |
| SBM | 2018-09-19 | [Grain Market Review: Oilseeds \| 2018-09-19  \| World Grain](https://feedsoft.ai/events/63011-grain-market-review-oilseeds-2018-09-19-world-grain.md) | +1.9% | +7.3% |
| SBM | 2020-10-26 | [Grain market review: Oilseeds \| 2020-10-26  \| World Grain](https://feedsoft.ai/events/7135-grain-market-review-oilseeds-2020-10-26-world-grain.md) | -2.0% | +2.1% |

## Sources

- bursacereale.com: https://bursacereale.com/article/16452

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