China set for record-busting soybean demand as African swine fever wanes

After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.

• Mar 19, 2020USDA FAS sees rising soybean demand for China - Brownfield Ag News+6.8%
• Jan 28, 2021China’s feed demand buoyed by recovering swine herd | 2021-01-28 | World Grain-0.3%
• Apr 7, 2020China’s oilseed demand to rise as swine sector recovers – Asian Agribiz-1.0%
• Feb 18, 2021US soybean crush post record Jan volume on robust demand, South American woes+2.9%
• Jan 14, 2026China’s 2025 Soybean Imports Hit Record, Fueled by S. American Purchases+4.0%

After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.

• Mar 19, 2020USDA FAS sees rising soybean demand for China - Brownfield Ag News+5.8%
• Apr 7, 2020China’s oilseed demand to rise as swine sector recovers – Asian Agribiz-3.2%
• Feb 18, 2021US soybean crush post record Jan volume on robust demand, South American woes-1.0%
• Jul 11, 2022FAS report shares growing demand for feed in China | MEAT+POULTRY-7.9%
• Aug 31, 2026Soybean meal demand pushes global trade to a new record+2.5%