China food security: soybean imports ‘exceptionally large’ as pig population nears pre-African swine fever level

After 696 past bullish trade events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.

• Aug 1, 2020China’s agricultural imports surge in June, as worsening US ties stoke fears of supply disruptions | South China Morning Post-3.0%
• Apr 25, 2022China trade: imports of US soybeans rise as Ukraine war, South America drought limit sources | South China Morning Post-0.5%
• Nov 7, 2020China's Oct soybean imports jump 41% on year on swine fever recovery | S&P Global+3.9%
• Jul 31, 2026Chinese buyers acquire US soybeans for October-November, traders say | South China Morning Post-1.7%
• Aug 6, 2026China buys at least 10 more cargoes of US soybeans, traders say | South China Morning Post+1.2%

After 342 past bullish trade events, SBM moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.

• Apr 25, 2022China trade: imports of US soybeans rise as Ukraine war, South America drought limit sources | South China Morning Post-3.8%
• Nov 7, 2020China's Oct soybean imports jump 41% on year on swine fever recovery | S&P Global+1.5%
• Jul 3, 2024China poised for record July soybean imports on low prices+1.3%
• May 27, 2020China facing soybean dilemma as it tries to balance phase one trade deal with self-reliance | South China Morning Post-0.1%
• Dec 19, 2019Trade war: China buys US soybeans after fresh round of tariff waivers, but will it be the last for some time? | South China Morning Post-1.1%