# ADM says China will need to import an additional 2 MMT of soybeans to counter canola losses - Pro Farmer

> ADM's CEO said the world lost about 15 million tonnes of crop production to bad weather over the past two to three weeks, with drought and heat hitting Canada's Southern Prairies and the US Northern Plains. He expects China to need an extra 2 million tonnes of soybeans to offset canola losses and expects Chinese soymeal demand to recover over time. ADM also cited strong corn exports to China.

- Date: 2021-07-27 · published 2021-07-27T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/46052-adm-says-china-will-need-to-import-an-additional-2-mmt-of-soybeans-to-counter
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Weather-driven canola losses tighten global oilseed supply and support canola meal and soybean prices. Higher Chinese soybean imports would add demand for soybean meal, supporting feed protein prices.

## Read by commodity

- SOY: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-07-25 | [Heat takes bite out of corn, soybean and spring wheat crop condition ratings - Pro Farmer](https://feedsoft.ai/events/13344-heat-takes-bite-out-of-corn-soybean-and-spring-wheat-crop-condition-ratings-pro.md) | +14.1% | +3.8% |
| SOY | 2018-02-21 | [Argentina soybean losses could lead to new U.S. bean meal demand - Brownfield Ag News](https://feedsoft.ai/events/66586-argentina-soybean-losses-could-lead-to-new-u-s-bean-meal-demand-brownfield-ag.md) | +1.1% | +0.2% |
| SOY | 2025-10-28 | [Cops Analysis \| Soymeal continues to surge - Pro Farmer](https://feedsoft.ai/events/4787-cops-analysis-soymeal-continues-to-surge-pro-farmer.md) | +4.9% | +5.2% |
| SOY | 2022-02-10 | [La Nina Continues to Affect South American Corn and Soybeans](https://feedsoft.ai/events/13744-la-nina-continues-to-affect-south-american-corn-and-soybeans.md) | -0.5% | +6.6% |
| SOY | 2021-06-21 | [Hot, dry weather stresses crops in heart of the Corn Belt and Northern Plains - Pro Farmer](https://feedsoft.ai/events/46417-hot-dry-weather-stresses-crops-in-heart-of-the-corn-belt-and-northern-plains.md) | -4.7% | +2.3% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/adm-says-china-will-need-import-additional-2-mmt-soybeans-counter-canola-losses

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