# Chinese Demand Drives Global Soybean Trade - Trade Data Monitor

> Trade Data Monitor reports China imported 100.3 million tons of soybeans worth $39.5 billion in 2020, nearly double 2010 volumes. China nearly doubled US soybean imports in the first two months of 2021 while cutting Brazilian shipments.

- Date: 2021-04-27 · published 2021-04-27T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/47451-chinese-demand-drives-global-soybean-trade-trade-data-monitor
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

China's dominant and shifting soybean demand supports global soybean and meal prices, and its switch toward US supply tightens US availability for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-07-16 | [Soybean Rises on Stronger Chinese Demand](https://feedsoft.ai/events/52164-soybean-rises-on-stronger-chinese-demand.md) | +1.5% | +0.5% |
| SOY | 2020-06-30 | [Soybeans Spike on Chinese Demand, Record Huge Monthly Gain](https://feedsoft.ai/events/52676-soybeans-spike-on-chinese-demand-record-huge-monthly-gain.md) | +3.3% | +3.5% |
| SOY | 2025-10-29 | [U.S. grains: Soybeans set 15-month high on U.S.-China trade deal hopes - Grainews](https://feedsoft.ai/events/22451-u-s-grains-soybeans-set-15-month-high-on-u-s-china-trade-deal-hopes-grainews.md) | +2.8% | +4.3% |
| SOY | 2026-08-28 | [Soybean futures hit contract highs on Chinese demand By Investing.com](https://feedsoft.ai/events/17944-soybean-futures-hit-contract-highs-on-chinese-demand-by-investing-com.md) | +4.0% | +5.0% |
| SOY | 2021-09-21 | [Firm demand drives soybean grain and meal premiums - Revista Cultivar](https://feedsoft.ai/events/45142-firm-demand-drives-soybean-grain-and-meal-premiums-revista-cultivar.md) | +2.0% | -3.2% |
| SBM | 2026-07-21 | [Global demand for soybean meal drives prices up in Brazil and the U.S.](https://feedsoft.ai/events/18436-global-demand-for-soybean-meal-drives-prices-up-in-brazil-and-the-u-s.md) | -0.7% | -2.6% |
| SBM | 2018-05-24 | [Soybean meal: Dollars and trade talks drive prices](https://feedsoft.ai/events/65097-soybean-meal-dollars-and-trade-talks-drive-prices.md) | -1.4% | -12.8% |
| SBM | 2020-06-30 | [Soybeans Spike on Chinese Demand, Record Huge Monthly Gain](https://feedsoft.ai/events/52676-soybeans-spike-on-chinese-demand-record-huge-monthly-gain.md) | +4.6% | +3.0% |

## Sources

- tradedatamonitor.com: https://tradedatamonitor.com/datanews/chinese-demand-drives-global-soybean-trade/

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