# China's 2019-2020 soybean demand to remain strong despite COVID-19, African swine fever

> S&P Global forecasts China's 2019-2020 soybean demand will remain strong despite COVID-19 and African swine fever, citing relative demand inelasticity. China is expected to ramp up soybean purchases amid pandemic uncertainty, and feed milling and logistics are returning to normal.

- Date: 2020-04-20 · published 2020-04-20T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/53634-china-s-2019-2020-soybean-demand-to-remain-strong-despite-covid-19-african
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Steady Chinese import demand and expected purchases support soybean and soymeal prices, particularly if buying accelerates.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2021-01-14 | [China's 2020 soybean imports climb 13% to record as pig sector demand recovers - Markets - Business Recorder](https://feedsoft.ai/events/49142-china-s-2020-soybean-imports-climb-13-to-record-as-pig-sector-demand-recovers.md) | -2.9% | -3.1% |
| SOY | 2021-05-13 | [China's record soybean demand forecast to support prices till 2022: sources](https://feedsoft.ai/events/47090-china-s-record-soybean-demand-forecast-to-support-prices-till-2022-sources.md) | -7.4% | -7.0% |
| SOY | 2021-04-13 | [China's Q1 soybean, grains imports surge on strong demand](https://feedsoft.ai/events/11178-china-s-q1-soybean-grains-imports-surge-on-strong-demand.md) | +4.9% | +17.2% |
| SBM | 2021-01-14 | [China's 2020 soybean imports climb 13% to record as pig sector demand recovers - Markets - Business Recorder](https://feedsoft.ai/events/49142-china-s-2020-soybean-imports-climb-13-to-record-as-pig-sector-demand-recovers.md) | -3.0% | -5.9% |
| SBM | 2021-05-13 | [China's record soybean demand forecast to support prices till 2022: sources](https://feedsoft.ai/events/47090-china-s-record-soybean-demand-forecast-to-support-prices-till-2022-sources.md) | -9.3% | -13.4% |
| SBM | 2023-01-31 | [China’s expanding swine herd cues demand for soybeans](https://feedsoft.ai/events/37764-china-s-expanding-swine-herd-cues-demand-for-soybeans.md) | -0.2% | +0.8% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/agriculture/042020-chinas-2019-2020-soybean-demand-to-remain-strong-despite-covid-19-african-swine-fever

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