# China facing soybean dilemma as it tries to balance phase one trade deal with self-reliance | South China Morning Post

> China imports about 86 percent of its soybeans, mainly from Brazil and the U.S., and uses them for livestock feed and edible oil. Chinese soybean demand is expected to rebound in 2020, but Beijing is weighing food security and self-reliance against its Phase One commitments to buy more U.S. farm goods.

- Date: 2020-05-27 · published 2020-05-27T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/52988-china-facing-soybean-dilemma-as-it-tries-to-balance-phase-one-trade-deal-with
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Rebounding Chinese soybean demand supports global soybean and meal prices, but uncertainty over where supply will come from adds volatility to the outlook.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-04-25 | [China trade: imports of US soybeans rise as Ukraine war, South America drought limit sources \| South China Morning Post](https://feedsoft.ai/events/14940-china-trade-imports-of-us-soybeans-rise-as-ukraine-war-south-america-drought.md) | -0.5% | -0.6% |
| SOY | 2019-10-11 | [Trump announces 'phase one' trade deal with China](https://feedsoft.ai/events/56427-trump-announces-phase-one-trade-deal-with-china.md) | +0.9% | +0.2% |
| SOY | 2020-09-28 | [US-China trade: soybeans, corn and cars surge, but Beijing still not close to meeting demands of deal \| South China Morning Post](https://feedsoft.ai/events/50984-us-china-trade-soybeans-corn-and-cars-surge-but-beijing-still-not-close-to.md) | +1.8% | +8.1% |
| SOY | 2018-09-08 | [China ramps up soybean purchases in August but Brazilian supplies tipped to tighten \| South China Morning Post](https://feedsoft.ai/events/62892-china-ramps-up-soybean-purchases-in-august-but-brazilian-supplies-tipped-to.md) | -1.3% | +4.4% |
| SOY | 2018-11-02 | [Yuan in biggest weekly gain since January as Trump asks cabinet to draft possible China trade deal \| South China Morning Post](https://feedsoft.ai/events/62269-yuan-in-biggest-weekly-gain-since-january-as-trump-asks-cabinet-to-draft.md) | -0.2% | +3.0% |
| SBM | 2022-04-25 | [China trade: imports of US soybeans rise as Ukraine war, South America drought limit sources \| South China Morning Post](https://feedsoft.ai/events/14940-china-trade-imports-of-us-soybeans-rise-as-ukraine-war-south-america-drought.md) | -3.8% | -7.5% |
| SBM | 2019-12-19 | [Trade war: China buys US soybeans after fresh round of tariff waivers, but will it be the last for some time? \| South China Morning Post](https://feedsoft.ai/events/55445-trade-war-china-buys-us-soybeans-after-fresh-round-of-tariff-waivers-but-will.md) | -1.1% | -0.8% |
| SBM | 2019-08-16 | [China's animal feed push for self-reliance as trade war intensifies - CGTN](https://feedsoft.ai/events/57648-china-s-animal-feed-push-for-self-reliance-as-trade-war-intensifies-cgtn.md) | +0.7% | +2.2% |

## Sources

- scmp.com: https://www.scmp.com/economy/china-economy/article/3086280/china-facing-soybean-dilemma-it-tries-balance-phase-one-trade

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