# China September soybean imports ease on falling animal feed demand

> China's soybean imports in September fell 13.5% from August, according to customs data released Monday. The drop is attributed to African swine fever shrinking the pig herd and reducing demand for soymeal. Official data showed the pig herd down 38.7% year on year in August, with industry believing the true decline is larger.

- Date: 2019-10-14 · published 2019-10-14T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/56562-china-september-soybean-imports-ease-on-falling-animal-feed-demand
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower Chinese soybean and soymeal demand from a shrinking hog herd is bearish for soybean and soymeal prices, as China is the largest importer and feed demand is structurally reduced.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-11-30 | [China September Soybean Imports Ease \| Feed & Grain](https://feedsoft.ai/events/50150-china-september-soybean-imports-ease-feed-and-grain.md) | -2.4% | +5.3% |
| SOY | 2022-01-14 | [China 2021 soybean imports slip 3.8% on falling margins, weak demand](https://feedsoft.ai/events/7370-china-2021-soybean-imports-slip-3-8-on-falling-margins-weak-demand.md) | +3.6% | +15.9% |
| SOY | 2018-11-01 | [China slashed its imports of U.S. sorghum, soybean, and corn in September](https://feedsoft.ai/events/61930-china-slashed-its-imports-of-u-s-sorghum-soybean-and-corn-in-september.md) | +3.4% | +5.8% |
| SOY | 2021-09-07 | [China's August soybean imports fall on flat demand - Markets - Business Recorder](https://feedsoft.ai/events/45066-china-s-august-soybean-imports-fall-on-flat-demand-markets-business-recorder.md) | -0.8% | -3.7% |
| SOY | 2021-07-13 | [Global Soybean Trade Slows on Weaker China Demand \| Feed & Grain](https://feedsoft.ai/events/46110-global-soybean-trade-slows-on-weaker-china-demand-feed-and-grain.md) | -0.3% | +0.1% |
| SBM | 2020-11-30 | [China September Soybean Imports Ease \| Feed & Grain](https://feedsoft.ai/events/50150-china-september-soybean-imports-ease-feed-and-grain.md) | -2.4% | +4.2% |
| SBM | 2022-01-14 | [China 2021 soybean imports slip 3.8% on falling margins, weak demand](https://feedsoft.ai/events/7370-china-2021-soybean-imports-slip-3-8-on-falling-margins-weak-demand.md) | -4.6% | +6.9% |
| SBM | 2021-09-07 | [China's August soybean imports fall on flat demand - Markets - Business Recorder](https://feedsoft.ai/events/45066-china-s-august-soybean-imports-fall-on-flat-demand-markets-business-recorder.md) | +1.7% | -3.9% |

## Sources

- reuters.com: https://www.reuters.com/article/us-china-economy-trade-soybeans/china-september-soybean-imports-ease-on-falling-animal-feed-demand-idUSKBN1WT08U/?feedName=businessNews&feedType=RSS

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