# China slashes 2018/19 soybean import forecast as U.S. trade war crimps buying

> China's Ministry of Agriculture and Rural Affairs cut its 2018/19 soybean import forecast to 83.65 million tonnes, down 10.2 million from the prior month's 93.85 million. The revision is tied to the ongoing trade dispute with Washington, which included Beijing's additional 25% tariffs on U.S. goods.

- Date: 2018-09-12 · published 2018-09-12T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/62889-china-slashes-2018-19-soybean-import-forecast-as-u-s-trade-war-crimps-buying
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A lower Chinese import forecast signals weaker demand for soybeans and meal, which is bearish for global soy prices and for soymeal used in feed. Reduced hog-sector demand for protein feed also points to softer crush demand.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-05-10 | [China set to trim 2018/19 soybean imports as trade row boosts prices](https://feedsoft.ai/events/64912-china-set-to-trim-2018-19-soybean-imports-as-trade-row-boosts-prices.md) | -0.7% | -3.3% |
| SOY | 2018-07-12 | [Importers snap up cheap U.S. soybeans as China stops buying](https://feedsoft.ai/events/5850-importers-snap-up-cheap-u-s-soybeans-as-china-stops-buying.md) | +1.5% | +7.7% |
| SOY | 2018-12-27 | [As trade war crushes China's soybean mills, U.S. rivals make hay](https://feedsoft.ai/events/61545-as-trade-war-crushes-china-s-soybean-mills-u-s-rivals-make-hay.md) | +3.5% | +6.4% |
| SOY | 2022-10-06 | [Soybean imports forecast at two-year low crimp China's ailing hog feed makers](https://feedsoft.ai/events/39130-soybean-imports-forecast-at-two-year-low-crimp-china-s-ailing-hog-feed-makers.md) | +1.9% | +5.1% |
| SOY | 2019-11-06 | [Panamax rates slide as trade war bites into US soybean exports to China](https://feedsoft.ai/events/56287-panamax-rates-slide-as-trade-war-bites-into-us-soybean-exports-to-china.md) | -1.7% | -4.7% |
| SBM | 2018-05-10 | [China set to trim 2018/19 soybean imports as trade row boosts prices](https://feedsoft.ai/events/64912-china-set-to-trim-2018-19-soybean-imports-as-trade-row-boosts-prices.md) | -3.2% | -7.9% |
| SBM | 2018-07-12 | [Importers snap up cheap U.S. soybeans as China stops buying](https://feedsoft.ai/events/5850-importers-snap-up-cheap-u-s-soybeans-as-china-stops-buying.md) | -1.4% | +1.2% |
| SBM | 2018-12-27 | [As trade war crushes China's soybean mills, U.S. rivals make hay](https://feedsoft.ai/events/61545-as-trade-war-crushes-china-s-soybean-mills-u-s-rivals-make-hay.md) | +3.1% | +3.5% |

## Sources

- reuters.com: https://www.reuters.com/article/us-china-crops/china-slashes-2018-19-soybean-import-forecast-as-us-trade-war-crimps-buying-idUSKCN1LS0HL/

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