# China crushers wash out US soybeans amid tight margins: trade - Fastmarkets

> Chinese crushers washed out several cargoes of US soybeans last week because crush margins tightened after CBOT futures hit a four-year high following USDA's cut to 2020 ending stocks. Dry weather in Brazil also raised doubts about its expected record harvest of around 140 million mt.

- Date: 2020-11-23 · published 2020-11-23T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/50234-china-crushers-wash-out-us-soybeans-amid-tight-margins-trade-fastmarkets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weak Chinese crush margins threaten US export demand and could pressure US soybean prices, while Brazilian drought risk supports prices.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-02-03 | [China washes out soybean, vegoil cargoes amid poor margins - Fastmarkets](https://feedsoft.ai/events/48721-china-washes-out-soybean-vegoil-cargoes-amid-poor-margins-fastmarkets.md) | +3.5% | +4.1% |
| 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% |
| SOY | 2019-03-14 | [Why U.S. growers are betting the farm on soybeans amid China trade war](https://feedsoft.ai/events/8266-why-u-s-growers-are-betting-the-farm-on-soybeans-amid-china-trade-war.md) | +1.9% | +1.5% |
| 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 | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +0.6% | +1.1% |
| SBM | 2022-01-26 | [China’s soybean crush margins worsen \| Latest Market News](https://feedsoft.ai/events/12640-china-s-soybean-crush-margins-worsen-latest-market-news.md) | +9.9% | +13.9% |
| SBM | 2025-08-29 | [China boosts soybean buys from Argentina, Uruguay amid US trade war, sources say \| Reuters](https://feedsoft.ai/events/14639-china-boosts-soybean-buys-from-argentina-uruguay-amid-us-trade-war-sources-say.md) | -2.7% | -6.0% |
| SBM | 2026-08-01 | [Tariffs, in the way of larger China purchases of US soybeans: market sources](https://feedsoft.ai/events/18362-tariffs-in-the-way-of-larger-china-purchases-of-us-soybeans-market-sources.md) | -0.8% | +8.2% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/china-crushers-wash-out-us-soybeans-amid-tight-margins-trade/

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