# Soybean Closed Lower Amid Declining Chinese Demand

> Soybean futures closed lower on January 16 after reports that China's soybean imports fell about 40% year over year. Soymeal also fell $2.10 to $309.70 per short ton, while corn and wheat futures also declined.

- Date: 2019-01-17 · published 2019-01-17T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/61193-soybean-closed-lower-amid-declining-chinese-demand
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weaker Chinese import demand reduces export outlets for US soybeans and meal, which pressures soybean and soymeal prices, although hopes for renewed US-China trade talks limit the downside.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-06-17 | [Soybean prices are falling amid declining demand from China 17.06.2022 - UkrAgroConsult](https://feedsoft.ai/events/40976-soybean-prices-are-falling-amid-declining-demand-from-china-17-06-2022.md) | -5.8% | -12.4% |
| SOY | 2025-06-09 | [Decline of China's Soybean Meal Market Amid Rising Imports](https://feedsoft.ai/events/24312-decline-of-china-s-soybean-meal-market-amid-rising-imports.md) | +1.2% | -3.1% |
| SOY | 2019-10-14 | [China September soybean imports ease on falling animal feed demand](https://feedsoft.ai/events/56562-china-september-soybean-imports-ease-on-falling-animal-feed-demand.md) | -0.2% | -1.8% |
| SOY | 2025-11-05 | [Soybean Futures Retreat Amid Focus on Chinese Buying](https://feedsoft.ai/events/12246-soybean-futures-retreat-amid-focus-on-chinese-buying.md) | +0.5% | +0.7% |
| SOY | 2023-03-21 | [China soybean prices plunge amid weaker local demand, higher Brazil farmer sales](https://feedsoft.ai/events/36942-china-soybean-prices-plunge-amid-weaker-local-demand-higher-brazil-farmer-sales.md) | -2.9% | +2.2% |
| SBM | 2022-06-17 | [Soybean prices are falling amid declining demand from China 17.06.2022 - UkrAgroConsult](https://feedsoft.ai/events/40976-soybean-prices-are-falling-amid-declining-demand-from-china-17-06-2022.md) | -0.3% | +12.3% |
| SBM | 2025-06-09 | [Decline of China's Soybean Meal Market Amid Rising Imports](https://feedsoft.ai/events/24312-decline-of-china-s-soybean-meal-market-amid-rising-imports.md) | -1.2% | -9.3% |
| SBM | 2019-10-14 | [China September soybean imports ease on falling animal feed demand](https://feedsoft.ai/events/56562-china-september-soybean-imports-ease-on-falling-animal-feed-demand.md) | +0.5% | -0.7% |

## Sources

- btimesonline.com: https://www.btimesonline.com/articles/106700/20190117/soybean-closed-lower-amid-declining-chinese-demand.htm

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