# Grain market review: Oilseeds May 2021

> China issued guidelines recommending lower corn and soymeal inclusion in poultry and pig feed after a domestic output drop and state stockpile declines pushed corn prices up. Alternatives such as wheat, barley, sorghum, rapeseed meal, cottonseed meal and DDGS are endorsed, and China imports about 100 million tons of soybeans a year.

- Date: 2021-05-31 · published 2021-05-31T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/47204-grain-market-review-oilseeds-may-2021
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Shifting Chinese formulations toward cheaper substitutes may trim import demand for corn and soymeal, though analysts doubt the effect will be large in the near term.

## Read by commodity

- CSM: bullish ▲
- SBM: bearish ▼
- CORN: bearish ▼
- DDGS: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲
- CANMEAL: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-01-21 | [Daily Market Wire 24 January 2025 - Grain Central](https://feedsoft.ai/events/6892-daily-market-wire-24-january-2025-grain-central.md) | -0.5% | +3.8% |
| CORN | 2025-10-03 | [Argentina Export Tax Shock Hits Grain Markets](https://feedsoft.ai/events/13828-argentina-export-tax-shock-hits-grain-markets.md) | +0.3% | +1.2% |
| CORN | 2025-04-24 | [Grain Transportation Report, April 24, 2025](https://feedsoft.ai/events/16454-grain-transportation-report-april-24-2025.md) | -1.0% | -1.1% |
| CORN | 2017-03-23 | [Market Perspectives March 23, 2017 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/71850-market-perspectives-march-23-2017-page-7-of-10-u-s-grains-and-bioproducts.md) | +0.2% | -0.3% |
| CORN | 2021-08-23 | [Three market-moving factors to watch this week - Dakota Midland Grain](https://feedsoft.ai/events/45637-three-market-moving-factors-to-watch-this-week-dakota-midland-grain.md) | +2.3% | -5.5% |
| SBM | 2021-03-17 | [Morning Market Review for March 17, 2021 - Beachner Grain](https://feedsoft.ai/events/5122-morning-market-review-for-march-17-2021-beachner-grain.md) | -1.7% | -2.3% |
| SBM | 2025-10-03 | [Argentina Export Tax Shock Hits Grain Markets](https://feedsoft.ai/events/13828-argentina-export-tax-shock-hits-grain-markets.md) | -0.0% | +16.9% |
| SBM | 2024-06-07 | [China's Pig Prices Rebound in 2024 Due to Market Recovery and Government Intervention](https://feedsoft.ai/events/29749-china-s-pig-prices-rebound-in-2024-due-to-market-recovery-and-government.md) | +1.1% | +2.0% |

## Sources

- farmingportal.co.za: http://farmingportal.co.za/index.php/agri-index/68-crops/6354-grain-market-review-oilseeds-2

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