# China’s Soy Imports to Top 100 Million Tons as U.S. Supply Jumps - Caixin Global

> China's soybean imports are expected to exceed 100 million tons in 2020-21, with imports from the U.S. potentially more than doubling to 36 million tons. Crushing capacity is set to expand in 2021 and 2022 as hog herd recovery drives demand.

- Date: 2020-12-23 · published 2020-12-23T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/49645-china-s-soy-imports-to-top-100-million-tons-as-u-s-supply-jumps-caixin-global
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected record Chinese buying, including U.S. purchases tied to the Phase One deal, supports global soybean prices. Lower South American output expectations add further upward pressure.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-11-10 | [China soybean imports top 100 million tonnes](https://feedsoft.ai/events/33166-china-soybean-imports-top-100-million-tonnes.md) | +2.4% | -1.8% |
| SOY | 2019-11-29 | [U.S. Soy’s Flowing Into China Again as Port Congestion Eases - Caixin Global](https://feedsoft.ai/events/55907-u-s-soy-s-flowing-into-china-again-as-port-congestion-eases-caixin-global.md) | +0.3% | +5.4% |
| SOY | 2020-12-11 | [Soybean Deal Signals China’s Early Jump Into 2021 U.S. Market - Caixin Global](https://feedsoft.ai/events/49684-soybean-deal-signals-china-s-early-jump-into-2021-u-s-market-caixin-global.md) | +4.2% | +19.2% |
| SOY | 2020-01-15 | [China to significantly increase U.S. soybean imports after Phase 1 deal: Global Times](https://feedsoft.ai/events/54942-china-to-significantly-increase-u-s-soybean-imports-after-phase-1-deal-global.md) | -1.6% | -3.9% |
| SOY | 2019-10-31 | [In Depth: Why China Is Still Hooked on U.S. Soybeans - Caixin Global](https://feedsoft.ai/events/56426-in-depth-why-china-is-still-hooked-on-u-s-soybeans-caixin-global.md) | -0.1% | -3.7% |
| SBM | 2023-11-10 | [China soybean imports top 100 million tonnes](https://feedsoft.ai/events/33166-china-soybean-imports-top-100-million-tonnes.md) | +3.6% | -4.9% |
| SBM | 2019-11-29 | [U.S. Soy’s Flowing Into China Again as Port Congestion Eases - Caixin Global](https://feedsoft.ai/events/55907-u-s-soy-s-flowing-into-china-again-as-port-congestion-eases-caixin-global.md) | +1.9% | +0.5% |
| SBM | 2020-01-15 | [China to significantly increase U.S. soybean imports after Phase 1 deal: Global Times](https://feedsoft.ai/events/54942-china-to-significantly-increase-u-s-soybean-imports-after-phase-1-deal-global.md) | +0.2% | -1.9% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2020-12-23/chinas-soy-imports-to-top-100-million-tons-as-us-supply-jumps-101642359.html

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