# China washes out soybean, vegoil cargoes amid poor margins - Fastmarkets

> Chinese crushers and vegetable oil processors resold at least 10 cargoes of Brazilian soybeans and palm oil over two weeks as crush margins fell sharply. Brazilian loading was slow and China's soyoil futures fell to a one-week low. Gross margins for May shipments of Brazilian beans were around negative $3 per tonne.

- Date: 2021-02-03 · published 2021-02-03T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/48721-china-washes-out-soybean-vegoil-cargoes-amid-poor-margins-fastmarkets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Cargo resales and negative crush margins reduce near-term Chinese import demand for soybeans and vegetable oils, which pressures prices across these oilseeds.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-11-23 | [China crushers wash out US soybeans amid tight margins: trade - Fastmarkets](https://feedsoft.ai/events/50234-china-crushers-wash-out-us-soybeans-amid-tight-margins-trade-fastmarkets.md) | -1.1% | +5.3% |
| SOY | 2022-08-08 | [China's July Soybean Imports Slide Amid Poor Crush Margins, Weaker Demand \| Checkout](https://feedsoft.ai/events/14910-china-s-july-soybean-imports-slide-amid-poor-crush-margins-weaker-demand.md) | +3.4% | -6.5% |
| SOY | 2023-04-05 | [China's soybean demand likely to remain soft until May amid poor crush margins](https://feedsoft.ai/events/36386-china-s-soybean-demand-likely-to-remain-soft-until-may-amid-poor-crush-margins.md) | -0.9% | -4.6% |
| SOY | 2025-06-09 | [Decline of China's Soybean Meal Market Amid Rising Imports](https://feedsoft.ai/events/24312-decline-of-china-s-soybean-meal-market-amid-rising-imports.md) | +1.2% | -3.1% |
| SOY | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | +1.4% | +0.1% |
| PALMOIL | 2024-07-30 | [Strategic marketing of Malaysian palm oil to China in a soft market](https://feedsoft.ai/events/15632-strategic-marketing-of-malaysian-palm-oil-to-china-in-a-soft-market.md) | +0.8% | +1.6% |
| PALMOIL | 2025-11-25 | [China exported a record amount of soybean oil in October](https://feedsoft.ai/events/22039-china-exported-a-record-amount-of-soybean-oil-in-october.md) | +1.8% | -0.2% |
| PALMOIL | 2021-05-11 | [SunSirs: Negative Pressure, China's Soybean Meal and Oils Fully Callback](https://feedsoft.ai/events/12364-sunsirs-negative-pressure-china-s-soybean-meal-and-oils-fully-callback.md) | +1.0% | -4.2% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/china-washes-out-soybean-vegoil-cargoes-amid-poor-margins/

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