# Chinese demand for Brazilian soy leaves biodiesel producers without feedstock  : The Daily Digest

> Bloomberg reports that strong Chinese demand has pushed Brazilian soybean premiums up sharply, leaving domestic crushers facing negative margins and expecting to hold off until the 2019 harvest. Brazil's soybean exports were up 13% through September, with 91% of September shipments going to China, and China has begun importing soyoil for biodiesel.

- Date: 2018-10-08 · published 2018-10-08T12:00:00.000Z
- Category: trade · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/62413-chinese-demand-for-brazilian-soy-leaves-biodiesel-producers-without-feedstock
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Reduced Brazilian crushing tightens soybean meal and oil supplies, which supports soybean and soyoil prices while China's soyoil imports add demand.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-03-05 | [Brazilian 2018/19 soy exports seen falling as much as 18% in part due to increased biodiesel demand  : The Daily Digest](https://feedsoft.ai/events/60182-brazilian-2018-19-soy-exports-seen-falling-as-much-as-18-in-part-due-to.md) | -2.8% | -0.9% |
| SOY | 2020-06-17 | [Chinese state companies buy US soybeans as Brazilian stock dissipates: sources](https://feedsoft.ai/events/52672-chinese-state-companies-buy-us-soybeans-as-brazilian-stock-dissipates-sources.md) | +0.9% | +2.2% |
| SOY | 2020-02-13 | [U.S. grains: Soy up on prospects for Chinese demand - AgCanada](https://feedsoft.ai/events/54655-u-s-grains-soy-up-on-prospects-for-chinese-demand-agcanada.md) | +0.0% | -4.2% |
| SOY | 2019-08-08 | [Chinese soybean buyers shy away from Brazilian cargoes as prices jump: traders](https://feedsoft.ai/events/57610-chinese-soybean-buyers-shy-away-from-brazilian-cargoes-as-prices-jump-traders.md) | +1.4% | +0.1% |
| SOY | 2020-12-03 | [Economist’s Angle: The Outlook for Growth in Chinese Soybean Demand - American Soybean Association](https://feedsoft.ai/events/49647-economist-s-angle-the-outlook-for-growth-in-chinese-soybean-demand-american.md) | +0.5% | +14.1% |
| SBO | 2019-03-05 | [Brazilian 2018/19 soy exports seen falling as much as 18% in part due to increased biodiesel demand  : The Daily Digest](https://feedsoft.ai/events/60182-brazilian-2018-19-soy-exports-seen-falling-as-much-as-18-in-part-due-to.md) | -1.3% | -4.1% |
| SBO | 2017-08-28 | [Chinese open up again for Argentine soy oil just in the nick of time  : The Daily Digest](https://feedsoft.ai/events/69543-chinese-open-up-again-for-argentine-soy-oil-just-in-the-nick-of-time-the-daily.md) | +2.0% | -2.4% |
| SBO | 2017-12-28 | [Canadian canola benefiting from US duties on Argentine and Indonesian biodiesel  : The Daily Digest](https://feedsoft.ai/events/67573-canadian-canola-benefiting-from-us-duties-on-argentine-and-indonesian-biodiesel.md) | +2.0% | -0.8% |

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/chinese-demand-for-brazilian-soy-leaves-biodiesel-producers-without-feedstock/

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