# Hit by Brazil shipment delays, Chinese soybean crushers forced to shrink output

> Chinese soybean crushers are expected to curtail operations sharply in coming months because of harvest delays in top exporter Brazil. Drought delayed Brazilian planting in late 2020 and rains have disrupted this year's harvest. China's soymeal futures rose 6% in February to 3,587 yuan per tonne, and domestic soybean prices rallied 8%.

- Date: 2021-02-25 · published 2021-02-25T12:00:00.000Z
- Category: weather · region China · magnitude medium
- Page: https://feedsoft.ai/events/48716-hit-by-brazil-shipment-delays-chinese-soybean-crushers-forced-to-shrink-output
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Reduced crush in China lowers meal output and is likely to draw down inventories, supporting soymeal and soybean prices. Brazilian supply delays tighten the global soybean balance.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2017-09-14 | [Brazil's New Soybean Planting Season Delayed by Dryness](https://feedsoft.ai/events/68795-brazil-s-new-soybean-planting-season-delayed-by-dryness.md) | +2.0% | +3.6% |
| SBM | 2022-01-27 | [Corn and soybean farmers in Brazil hit by huge losses amid droughts - Fastmarkets](https://feedsoft.ai/events/13748-corn-and-soybean-farmers-in-brazil-hit-by-huge-losses-amid-droughts-fastmarkets.md) | +7.8% | +15.4% |
| SBM | 2022-02-16 | [EXCLUSIVE: Exclusive: Paraguay soy crushers, hit by drought, risk running out of beans \| Reuters](https://feedsoft.ai/events/14053-exclusive-exclusive-paraguay-soy-crushers-hit-by-drought-risk-running-out-of.md) | +3.0% | +10.9% |
| SBM | 2018-12-18 | [Brazil Soybean Farmers to Slow Early Selling Pace, Analyst Says](https://feedsoft.ai/events/61421-brazil-soybean-farmers-to-slow-early-selling-pace-analyst-says.md) | -0.5% | +0.3% |
| SBM | 2023-05-08 | [Argentina’s soybean crushers likely to face headwinds until next harvest: Bunge](https://feedsoft.ai/events/13966-argentina-s-soybean-crushers-likely-to-face-headwinds-until-next-harvest-bunge.md) | -0.8% | -7.1% |
| SOY | 2017-09-14 | [Brazil's New Soybean Planting Season Delayed by Dryness](https://feedsoft.ai/events/68795-brazil-s-new-soybean-planting-season-delayed-by-dryness.md) | +1.8% | +1.3% |
| SOY | 2022-01-27 | [Corn and soybean farmers in Brazil hit by huge losses amid droughts - Fastmarkets](https://feedsoft.ai/events/13748-corn-and-soybean-farmers-in-brazil-hit-by-huge-losses-amid-droughts-fastmarkets.md) | +7.3% | +15.4% |
| SOY | 2022-02-16 | [EXCLUSIVE: Exclusive: Paraguay soy crushers, hit by drought, risk running out of beans \| Reuters](https://feedsoft.ai/events/14053-exclusive-exclusive-paraguay-soy-crushers-hit-by-drought-risk-running-out-of.md) | +8.0% | +6.3% |

## Sources

- reuters.com: https://www.reuters.com/article/china-soybeans-supplies-idUSL1N2KV12A/

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