# China’s Pigs Gobble Up Brazilian Soybeans - Caixin Global

> Brazil's soybean exports are spiking as China's hog herd recovers from African swine fever, with Brazil exporting a record 16.3 million tons in April, up over 70% year-on-year. USDA projects Brazil's 2019/20 soybean exports at about 84 million tons, and China's agriculture ministry raised its soybean import forecast to 91 million tons.

- Date: 2020-05-14 · published 2020-05-14T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/53094-china-s-pigs-gobble-up-brazilian-soybeans-caixin-global
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Rising Chinese feed demand from herd rebuilding supports soybean and soymeal import demand, tightening export availability and supporting prices for soybeans and meal.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-10-31 | [In Depth: Why China Is Still Hooked on U.S. Soybeans - Caixin Global](https://feedsoft.ai/events/56426-in-depth-why-china-is-still-hooked-on-u-s-soybeans-caixin-global.md) | -0.1% | -3.7% |
| SOY | 2018-10-16 | [Two Boatloads of U.S. Soybeans on Their Way to China Despite Tariffs - Caixin Global](https://feedsoft.ai/events/62398-two-boatloads-of-u-s-soybeans-on-their-way-to-china-despite-tariffs-caixin.md) | -3.7% | -2.2% |
| SOY | 2020-12-11 | [Soybean Deal Signals China’s Early Jump Into 2021 U.S. Market - Caixin Global](https://feedsoft.ai/events/49684-soybean-deal-signals-china-s-early-jump-into-2021-u-s-market-caixin-global.md) | +4.2% | +19.2% |
| SOY | 2023-07-17 | [China to buy more Brazilian soybeans for Q4 as U.S. crop suffers - traders \| Reuters](https://feedsoft.ai/events/14826-china-to-buy-more-brazilian-soybeans-for-q4-as-u-s-crop-suffers-traders-reuters.md) | +0.4% | -6.3% |
| SOY | 2020-02-19 | [China Sets Up Duty Waivers for U.S. Commodity Purchases - Caixin Global](https://feedsoft.ai/events/54476-china-sets-up-duty-waivers-for-u-s-commodity-purchases-caixin-global.md) | -1.5% | -7.6% |
| SBM | 2019-10-31 | [In Depth: Why China Is Still Hooked on U.S. Soybeans - Caixin Global](https://feedsoft.ai/events/56426-in-depth-why-china-is-still-hooked-on-u-s-soybeans-caixin-global.md) | -1.1% | -2.8% |
| SBM | 2026-07-21 | [Global demand for soybean meal drives prices up in Brazil and the U.S.](https://feedsoft.ai/events/18436-global-demand-for-soybean-meal-drives-prices-up-in-brazil-and-the-u-s.md) | -0.7% | -2.6% |
| SBM | 2019-11-29 | [U.S. Soy’s Flowing Into China Again as Port Congestion Eases - Caixin Global](https://feedsoft.ai/events/55907-u-s-soy-s-flowing-into-china-again-as-port-congestion-eases-caixin-global.md) | +1.9% | +0.5% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2020-05-14/chinas-pigs-gobble-up-brazilian-soybeans-101554173.html

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