# Economist’s Angle: The Outlook for Growth in Chinese Soybean Demand - American Soybean Association

> The American Soybean Association economist analyzes the growth of Chinese soybean demand, citing USDA forecasts of 117.4 million tons consumption in 2020/21 and China's share of world soybean consumption rising from 9.3% to 31.8%. Strong fall U.S. soybean flows to China are also discussed.

- Date: 2020-12-03 · published 2020-12-03T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/49647-economist-s-angle-the-outlook-for-growth-in-chinese-soybean-demand-american
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

China accounts for about 60% of world soybean imports, so structural demand growth underpins soybean prices. Questions about future export growth add some uncertainty to the outlook.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-06-13 | [Chinese demand boosts soybean price outlook - Brownfield Ag News](https://feedsoft.ai/events/29786-chinese-demand-boosts-soybean-price-outlook-brownfield-ag-news.md) | -1.9% | -3.6% |
| SOY | 2022-08-15 | [Demand for grain and soybean derivatives from the US and BR increases - Revista Cultivar](https://feedsoft.ai/events/6710-demand-for-grain-and-soybean-derivatives-from-the-us-and-br-increases-revista.md) | -10.8% | -7.2% |
| SOY | 2020-02-13 | [U.S. grains: Soy up on prospects for Chinese demand - AgCanada](https://feedsoft.ai/events/54655-u-s-grains-soy-up-on-prospects-for-chinese-demand-agcanada.md) | +0.0% | -4.2% |
| SOY | 2020-07-24 | [ISA Works On Strengthening U.S. & Illinois Soybean Meal Demand \| Illinois Soybean Association](https://feedsoft.ai/events/52194-isa-works-on-strengthening-u-s-and-illinois-soybean-meal-demand-illinois.md) | -1.6% | -0.4% |
| 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% |
| SBM | 2017-04-06 | [US Agriculture Bets the Farm on Chinese Soy Demand](https://feedsoft.ai/events/71362-us-agriculture-bets-the-farm-on-chinese-soy-demand.md) | +0.9% | +1.4% |
| SBM | 2018-08-15 | [South American soy fed to EU livestock drives Gran Chaco deforestation](https://feedsoft.ai/events/63555-south-american-soy-fed-to-eu-livestock-drives-gran-chaco-deforestation.md) | -3.0% | -5.8% |
| SBM | 2018-11-12 | [U.S. soybean farmers hang on for dear life in Trump's China trade war](https://feedsoft.ai/events/62097-u-s-soybean-farmers-hang-on-for-dear-life-in-trump-s-china-trade-war.md) | +1.7% | +1.1% |

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/economists-angle-the-outlook-for-growth-in-chinese-soybean-demand/

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