# Casde: China cuts 20/2021 soybean imports, demand estimates - Fastmarkets

> China's Agriculture Supply and Demand Estimates cut its 2020/21 soybean import forecast by 1.84 million tonnes to 98.6 million tonnes. Crush demand was lowered by 3 million tonnes to 95 million, and soymeal use in feed fell as pig breeder profits declined. Importers also postponed purchases in hopes that new-crop prices would drop.

- Date: 2021-08-12 · published 2021-08-12T12:00:00.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/45563-casde-china-cuts-20-2021-soybean-imports-demand-estimates-fastmarkets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A lower Chinese import and crush outlook reduces global demand for soybeans and soymeal, which is bearish for feed protein prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-07-12 | [China cuts soybean import forecast in face of trade war](https://feedsoft.ai/events/63895-china-cuts-soybean-import-forecast-in-face-of-trade-war.md) | +1.5% | +7.7% |
| SOY | 2022-12-21 | [China reduces soybean and corn imports, says customs - DatamarNews](https://feedsoft.ai/events/14879-china-reduces-soybean-and-corn-imports-says-customs-datamarnews.md) | +1.9% | +1.9% |
| SOY | 2024-06-12 | [China May soybean imports fall 11.6% on year](https://feedsoft.ai/events/14742-china-may-soybean-imports-fall-11-6-on-year.md) | -0.3% | -3.0% |
| SOY | 2024-08-13 | [USDA forecasts record US soybean production and higher stocks, above market estimates - Fastmarkets](https://feedsoft.ai/events/10464-usda-forecasts-record-us-soybean-production-and-higher-stocks-above-market.md) | -5.5% | -3.4% |
| SOY | 2018-11-08 | [USDA slashes China soybean import forecast 9.5%](https://feedsoft.ai/events/62042-usda-slashes-china-soybean-import-forecast-9-5.md) | +0.3% | +5.6% |
| SBM | 2018-07-12 | [China cuts soybean import forecast in face of trade war](https://feedsoft.ai/events/63895-china-cuts-soybean-import-forecast-in-face-of-trade-war.md) | -1.4% | +1.2% |
| SBM | 2024-06-12 | [China May soybean imports fall 11.6% on year](https://feedsoft.ai/events/14742-china-may-soybean-imports-fall-11-6-on-year.md) | +0.8% | +2.6% |
| SBM | 2024-08-13 | [USDA forecasts record US soybean production and higher stocks, above market estimates - Fastmarkets](https://feedsoft.ai/events/10464-usda-forecasts-record-us-soybean-production-and-higher-stocks-above-market.md) | -2.6% | -0.3% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/casde-china-cuts-20-2021-soybean-imports-demand-estimates/

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