# USDA FAS sees rising soybean demand for China - Brownfield Ag News

> USDA's Foreign Agricultural Service projects China will import 84 million tons of soybeans this marketing year and 86 million next year. Growth is driven by rebuilding hog and sow herds after African swine fever, which lifts crush demand and soybean meal use. Vegetable oil demand is expected to grow more slowly due to COVID-19 foodservice disruption.

- Date: 2020-03-19 · published 2020-03-19T12:00:00.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/54127-usda-fas-sees-rising-soybean-demand-for-china-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong projected Chinese soybean imports support soybean and soymeal prices, while slower vegetable oil demand weighs on soybean oil.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-05-23 | [USDA: China buys U.S. soybeans, pork - Brownfield Ag News](https://feedsoft.ai/events/58948-usda-china-buys-u-s-soybeans-pork-brownfield-ag-news.md) | +7.3% | +10.5% |
| SOY | 2021-03-03 | [USDA FAS lowers Argentina soybean outlook - Brownfield Ag News](https://feedsoft.ai/events/47978-usda-fas-lowers-argentina-soybean-outlook-brownfield-ag-news.md) | +1.9% | -3.3% |
| SOY | 2017-05-10 | [USDA lowers old crop corn, soybean stocks on good demand - Brownfield Ag News](https://feedsoft.ai/events/70887-usda-lowers-old-crop-corn-soybean-stocks-on-good-demand-brownfield-ag-news.md) | +1.1% | -3.6% |
| SOY | 2019-02-08 | [USDA lowers U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/60555-usda-lowers-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -1.1% | -3.2% |
| SOY | 2019-07-11 | [Wheat leads on USDA supply, demand changes - Brownfield Ag News](https://feedsoft.ai/events/58152-wheat-leads-on-usda-supply-demand-changes-brownfield-ag-news.md) | -1.2% | -5.0% |
| SBM | 2019-07-11 | [Wheat leads on USDA supply, demand changes - Brownfield Ag News](https://feedsoft.ai/events/58152-wheat-leads-on-usda-supply-demand-changes-brownfield-ag-news.md) | -0.5% | -5.2% |
| SBM | 2017-01-12 | [USDA numbers support soybeans - Brownfield Ag News](https://feedsoft.ai/events/11023-usda-numbers-support-soybeans-brownfield-ag-news.md) | +12.1% | +8.9% |
| SBM | 2020-03-11 | [China's feed demand downturn not as severe as expected - Brownfield Ag News](https://feedsoft.ai/events/54124-china-s-feed-demand-downturn-not-as-severe-as-expected-brownfield-ag-news.md) | +0.8% | -0.7% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/usda-fas-sees-rising-soybean-demand-for-china/

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