# | Miller Magazine

> Brazil and China are finalizing a health protocol that would let Brazilian processors export soymeal to China. Brazil's biodiesel blending mandate increase will raise crush and meal output, which will need new buyers.

- Date: 2020-01-23 · published 2020-01-23T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/55171-miller-magazine
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Brazilian meal gaining Chinese market access and rising crush for biodiesel add supply that could pressure global soymeal prices, though no start date has been set.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2017-08-04 | [China Tries To Calm US Trade Spat While Readying Riposte \| ESM Magazine](https://feedsoft.ai/events/69322-china-tries-to-calm-us-trade-spat-while-readying-riposte-esm-magazine.md) | -4.0% | -3.9% |
| SBM | 2019-03-10 | [Argentina's Soymeal Plants Battered By Trade War And Taxes \| ESM Magazine](https://feedsoft.ai/events/59938-argentina-s-soymeal-plants-battered-by-trade-war-and-taxes-esm-magazine.md) | +3.9% | +3.0% |
| SBM | 2017-12-28 | [As World Eats More Meat, US Soy Losing Battle To Feed Animals \| ESM Magazine](https://feedsoft.ai/events/67499-as-world-eats-more-meat-us-soy-losing-battle-to-feed-animals-esm-magazine.md) | +0.5% | +6.8% |
| SBM | 2018-05-25 | [In US Soybean Splurge, Beijing Faces Tough Sell To Saturated Market \| ESM Magazine](https://feedsoft.ai/events/64997-in-us-soybean-splurge-beijing-faces-tough-sell-to-saturated-market-esm-magazine.md) | -0.8% | -10.1% |
| SBM | 2024-11-26 | [Marketplace®](https://feedsoft.ai/events/27431-marketplace.md) | -2.5% | -0.8% |
| SBO | 2026-04-10 | [Iran war raises demand for U.S. fuel, boosting Gulf Coast refining margins - BIC Magazine](https://feedsoft.ai/events/10138-iran-war-raises-demand-for-u-s-fuel-boosting-gulf-coast-refining-margins-bic.md) | -3.0% | +4.2% |
| SBO | 2017-05-24 | [NBB testifies on damage done by Indonesian biodiesel imports - Biofuels International Magazine](https://feedsoft.ai/events/70906-nbb-testifies-on-damage-done-by-indonesian-biodiesel-imports-biofuels.md) | -3.1% | -1.5% |
| SBO | 2025-11-01 | [Palm Oil Magazine - CPO Prices Decline Amid Rising Global Soybean Demand, Friday, Oct 31, 2025 - Palm Oil Magazine](https://feedsoft.ai/events/4448-palm-oil-magazine-cpo-prices-decline-amid-rising-global-soybean-demand-friday.md) | -0.7% | +4.3% |

## Sources

- millermagazine.com: https://millermagazine.com/en/blog/brazil-china-finalizing-soymeal-export-protocol-3454

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