# Soybeans Spike on Chinese Demand, Record Huge Monthly Gain

> August soybean futures rose about 2.5% to $8.83 a bushel on June 30, posting their first monthly gain since February. Tianjin port imports of soybeans from January to May were up sharply, mainly from the US and Brazil. Analysts said China is rebuilding inventories and expects purchases in the fourth quarter.

- Date: 2020-06-30 · published 2020-06-30T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/52676-soybeans-spike-on-chinese-demand-record-huge-monthly-gain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong Chinese import demand for US and Brazilian beans supports soybean prices and feed-protein supply costs.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-09-17 | [Soybeans at 27-month high on Chinese demand, corn dips \| Financial Post](https://feedsoft.ai/events/9343-soybeans-at-27-month-high-on-chinese-demand-corn-dips-financial-post.md) | +0.3% | +4.4% |
| 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% |
| SOY | 2021-04-27 | [Chinese Demand Drives Global Soybean Trade - Trade Data Monitor](https://feedsoft.ai/events/47451-chinese-demand-drives-global-soybean-trade-trade-data-monitor.md) | -0.6% | -2.9% |
| SOY | 2026-10-28 | [Strong Chinese demand supports soybean recovery in Chicago - SAFRAS & Market](https://feedsoft.ai/events/140-strong-chinese-demand-supports-soybean-recovery-in-chicago-safras-and-market.md) | -1.6% | — |
| SOY | 2018-07-06 | [Soybeans Post Record Rally With Demand Gain Overshadowing Trade War - Bloomberg](https://feedsoft.ai/events/64078-soybeans-post-record-rally-with-demand-gain-overshadowing-trade-war-bloomberg.md) | -0.7% | +5.6% |
| SBM | 2021-04-27 | [Chinese Demand Drives Global Soybean Trade - Trade Data Monitor](https://feedsoft.ai/events/47451-chinese-demand-drives-global-soybean-trade-trade-data-monitor.md) | -2.8% | -5.8% |
| SBM | 2026-08-28 | [Soybean futures hit contract highs on Chinese demand By Investing.com](https://feedsoft.ai/events/17944-soybean-futures-hit-contract-highs-on-chinese-demand-by-investing-com.md) | +4.5% | +12.9% |
| SBM | 2023-07-19 | [Freight rates rebound on stronger Chinese soybean demand - Fastmarkets](https://feedsoft.ai/events/35234-freight-rates-rebound-on-stronger-chinese-soybean-demand-fastmarkets.md) | +2.2% | -6.8% |

## Sources

- fxdailyreport.com: https://fxdailyreport.com/soybeans-spike-on-chinese-demand-record-huge-monthly-gain/

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