# China's soybean imports will keep increasing - Chinadaily.com.cn

> China's Ministry of Agriculture and Rural Affairs said soybean imports will keep rising as the pandemic's effect on trade is limited. China imported 55.1 million tonnes from January to July, up 17.6% year on year, and expects more U.S. purchases under the phase one deal.

- Date: 2020-08-27 · published 2020-08-27T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/51481-china-s-soybean-imports-will-keep-increasing-chinadaily-com-cn
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Sustained Chinese soybean imports support global soybean demand and prices. Expected U.S. purchases and stable supply point to steady meal and oil supplies for feed buyers in China.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2020-08-27 | 5 | +5.5% | 2.9 | China's ministry said soybean imports will keep rising and more US purchases are expected, supporting demand sentiment. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-08-08 | [China's soybean imports up 15% in January-July - Chinadaily.com.cn](https://feedsoft.ai/events/14824-china-s-soybean-imports-up-15-in-january-july-chinadaily-com-cn.md) | -1.7% | -4.6% |
| SOY | 2016-11-02 | [USDA: China’s soybean imports, feed use expected to increase](https://feedsoft.ai/events/73840-usda-china-s-soybean-imports-feed-use-expected-to-increase.md) | +1.8% | +4.6% |
| SOY | 2023-01-17 | [China’s December soybean imports jump](https://feedsoft.ai/events/37768-china-s-december-soybean-imports-jump.md) | -3.1% | +0.3% |
| SOY | 2018-03-03 | [China soybean buyers will cope if U.S. trade spat hits imports: New Hope](https://feedsoft.ai/events/65861-china-soybean-buyers-will-cope-if-u-s-trade-spat-hits-imports-new-hope.md) | -3.0% | -2.4% |
| 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% |
| SBM | 2023-01-17 | [China’s December soybean imports jump](https://feedsoft.ai/events/37768-china-s-december-soybean-imports-jump.md) | -8.4% | -1.6% |
| SBM | 2019-01-25 | [China's 2018 soybean imports from U.S. hit lowest since 2008](https://feedsoft.ai/events/60959-china-s-2018-soybean-imports-from-u-s-hit-lowest-since-2008.md) | -0.7% | -2.1% |
| SBM | 2026-07-17 | [Argentina’s soybean industry becomes increasingly dependent on imports from Paraguay](https://feedsoft.ai/events/13784-argentina-s-soybean-industry-becomes-increasingly-dependent-on-imports-from.md) | +2.0% | -2.8% |

## Sources

- chinadaily.com.cn: http://www.chinadaily.com.cn/a/202008/27/WS5f46fb77a310675eafc55bbb.html

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