# Price for soybeans relatively high - Food & Agribusiness

> The IGC soybean price index stood at 242 points in early October, more than 30% above a year earlier and the highest since August 2014. China imported 9.8 million tonnes of soybeans in September, up 19% year on year, with Brazilian supplies tightening and short-dated prices rising sharply.

- Date: 2020-10-30 · published 2020-10-30T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/50666-price-for-soybeans-relatively-high-food-and-agribusiness
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong Chinese import demand and tightening Brazilian availability keep world soybean and soymeal prices elevated, raising feed input costs for buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-05-08 | [Appetite for soybeans reaches new high](https://feedsoft.ai/events/70884-appetite-for-soybeans-reaches-new-high.md) | -0.9% | -4.3% |
| SOY | 2026-04-12 | [Soybeans hit two-week high as soymeal jumps - Markets - Business Recorder](https://feedsoft.ai/events/11663-soybeans-hit-two-week-high-as-soymeal-jumps-markets-business-recorder.md) | -0.7% | +1.6% |
| SOY | 2017-07-11 | [China to buy U.S. soybeans to meet market demand \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/69821-china-to-buy-u-s-soybeans-to-meet-market-demand-iowa-agribusiness-radio-network.md) | -3.5% | -5.9% |
| SOY | 2025-11-17 | [Exclusive: China snaps up US soybeans after pledge to Trump, but at high price, traders say \| Reuters](https://feedsoft.ai/events/7888-exclusive-china-snaps-up-us-soybeans-after-pledge-to-trump-but-at-high-price.md) | +1.1% | -3.7% |
| SOY | 2019-12-26 | [U.S. soybean futures reach highest price since June 2018 \| Financial Post](https://feedsoft.ai/events/55626-u-s-soybean-futures-reach-highest-price-since-june-2018-financial-post.md) | +0.8% | -3.7% |
| SBM | 2017-03-03 | [Acute shortage of soybean meal in Russia - Food & Agribusiness](https://feedsoft.ai/events/72081-acute-shortage-of-soybean-meal-in-russia-food-and-agribusiness.md) | -2.0% | -4.8% |
| SBM | 2018-09-28 | [Soybean update from around the globe - Food & Agribusiness](https://feedsoft.ai/events/63104-soybean-update-from-around-the-globe-food-and-agribusiness.md) | +0.1% | -1.3% |
| SBM | 2017-05-08 | [Appetite for soybeans reaches new high](https://feedsoft.ai/events/70884-appetite-for-soybeans-reaches-new-high.md) | -0.8% | -3.7% |

## Sources

- foodagribusiness.world: https://www.foodagribusiness.world/feed/price-for-soybeans-relatively-high

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