# China to import record amount of soybeans | 2020-12-22  | World Grain

> China is anticipated to import over 100 million tonnes of soybeans in 2020, according to a COFCO trader cited by Reuters. Around 92.6 million tonnes are forecast to be crushed this year, and soymeal demand is expected to stay strong as the swine herd rebounds to about 90% of normal.

- Date: 2020-12-22 · published 2020-12-22T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/49644-china-to-import-record-amount-of-soybeans-2020-12-22-world-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record Chinese import demand tightens global soybean supply and supports soybean and soymeal prices. Strong crush demand keeps soymeal well bid.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-09-10 | [China Aug soybean imports at record 12.14mn tons](https://feedsoft.ai/events/14717-china-aug-soybean-imports-at-record-12-14mn-tons.md) | +0.5% | +3.4% |
| SOY | 2018-12-05 | [Argentina soybean imports soaring \| 2018-12-05  \| World Grain](https://feedsoft.ai/events/61426-argentina-soybean-imports-soaring-2018-12-05-world-grain.md) | +0.9% | -0.2% |
| SOY | 2022-10-24 | [China's monthly soybean imports jump \| World Grain](https://feedsoft.ai/events/14892-china-s-monthly-soybean-imports-jump-world-grain.md) | -0.6% | +2.3% |
| SOY | 2020-06-05 | [Analysts say China to continue buying US soybeans \| 2020-06-05  \| World Grain](https://feedsoft.ai/events/52605-analysts-say-china-to-continue-buying-us-soybeans-2020-06-05-world-grain.md) | -0.2% | +2.9% |
| SOY | 2024-03-26 | [China 2024 grain imports seen near record high](https://feedsoft.ai/events/14766-china-2024-grain-imports-seen-near-record-high.md) | -2.9% | -3.5% |
| SBM | 2022-10-24 | [China's monthly soybean imports jump \| World Grain](https://feedsoft.ai/events/14892-china-s-monthly-soybean-imports-jump-world-grain.md) | +1.8% | -1.8% |
| SBM | 2021-08-17 | [India could allow soybean meal imports \| 2021-08-17  \| World Grain](https://feedsoft.ai/events/45647-india-could-allow-soybean-meal-imports-2021-08-17-world-grain.md) | -3.2% | -2.8% |
| SBM | 2018-05-17 | [Bunge to consider soybean exports to Argentina \| World-grain.com \| May 16, 2018 20:12 \| World Grain](https://feedsoft.ai/events/64866-bunge-to-consider-soybean-exports-to-argentina-world-grain-com-may-16-2018-20.md) | +1.1% | -8.9% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/14639-china-to-import-record-amount-of-soybeans

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