# Swine fever hurts China soybean demand, raises doubts on trade promises

> African swine fever has reduced China's hog numbers and feed demand, raising doubts about Beijing's pledge to buy 10 million metric tons of additional US soybeans. Analysts question whether China has the appetite for the purchases given large global stockpiles.

- Date: 2019-03-12 · published 2019-03-12T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/60092-swine-fever-hurts-china-soybean-demand-raises-doubts-on-trade-promises
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower Chinese crush demand and doubts over purchase commitments weigh on soybean and soymeal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-09-11 | [African Swine Fever May Reduce China's Soybean Demand](https://feedsoft.ai/events/63016-african-swine-fever-may-reduce-china-s-soybean-demand.md) | -1.2% | +4.3% |
| SOY | 2019-04-24 | [Impacts of African Swine Fever on China's Feed Industry and Soy Demand - Rabobank](https://feedsoft.ai/events/59584-impacts-of-african-swine-fever-on-china-s-feed-industry-and-soy-demand-rabobank.md) | -2.4% | -4.6% |
| SOY | 2018-11-27 | [Crop drop: China swine fever outbreak to curb its soybean imports](https://feedsoft.ai/events/62036-crop-drop-china-swine-fever-outbreak-to-curb-its-soybean-imports.md) | +5.0% | +0.9% |
| SOY | 2020-02-03 | [Canola oil demand rising as African swine fever reduces China's soybean crush - RealAgriculture](https://feedsoft.ai/events/54566-canola-oil-demand-rising-as-african-swine-fever-reduces-china-s-soybean-crush.md) | +1.1% | +2.1% |
| SOY | 2018-08-27 | [China's soybean, soymeal futures fall on African swine fever worries](https://feedsoft.ai/events/63548-china-s-soybean-soymeal-futures-fall-on-african-swine-fever-worries.md) | -1.1% | -0.1% |
| SBM | 2018-09-11 | [African Swine Fever May Reduce China's Soybean Demand](https://feedsoft.ai/events/63016-african-swine-fever-may-reduce-china-s-soybean-demand.md) | -4.1% | -0.5% |
| SBM | 2019-04-24 | [Impacts of African Swine Fever on China's Feed Industry and Soy Demand - Rabobank](https://feedsoft.ai/events/59584-impacts-of-african-swine-fever-on-china-s-feed-industry-and-soy-demand-rabobank.md) | -1.7% | -1.9% |
| SBM | 2018-11-27 | [Crop drop: China swine fever outbreak to curb its soybean imports](https://feedsoft.ai/events/62036-crop-drop-china-swine-fever-outbreak-to-curb-its-soybean-imports.md) | +3.0% | +0.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/03/12/swine-flu-hurts-china-soybean-demand-raising-doubts-on-trade-promises.html

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