# Soybean update from around the globe - Food & Agribusiness

> China's soybean imports are shifting toward Brazil, with Chinese importers booking a record 12-14 million tonnes of Brazilian beans for October-November arrival. Rabobank highlights growing Indian soymeal demand from poultry, with consumption reaching 5.4 million tonnes in 2017.

- Date: 2018-09-28 · published 2018-09-28T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/63104-soybean-update-from-around-the-globe-food-and-agribusiness
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record Brazilian sales to China reinforce bearish US soybean pricing, while rising Indian poultry-driven soymeal demand offers a supportive demand source for meal. Feed buyers face a tight meal balance in India alongside ample South American supply.

## Read by commodity

- SBM: bullish ▲
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-05-02 | [China Seen Jolting Soybean Market by Shunning U.S. Supplies - AgriBusiness Global](https://feedsoft.ai/events/65056-china-seen-jolting-soybean-market-by-shunning-u-s-supplies-agribusiness-global.md) | -3.0% | -1.9% |
| SOY | 2018-04-10 | [In Trade War, U.S. Soy May Be Safe - Rabobank - AgriBusiness Global](https://feedsoft.ai/events/65548-in-trade-war-u-s-soy-may-be-safe-rabobank-agribusiness-global.md) | -0.5% | -4.3% |
| SOY | 2019-06-26 | [Prices for canola and canola down under pressure from the soybean market](https://feedsoft.ai/events/58695-prices-for-canola-and-canola-down-under-pressure-from-the-soybean-market.md) | -3.0% | -1.4% |
| SOY | 2023-09-22 | [China cuts soybean purchases from the US in August](https://feedsoft.ai/events/14811-china-cuts-soybean-purchases-from-the-us-in-august.md) | +0.5% | +1.7% |
| SOY | 2018-04-04 | [CPO to gain from China’s soybean import tariff \| The Star](https://feedsoft.ai/events/65604-cpo-to-gain-from-china-s-soybean-import-tariff-the-star.md) | +1.2% | +0.4% |
| SBM | 2017-03-03 | [Acute shortage of soybean meal in Russia - Food & Agribusiness](https://feedsoft.ai/events/72081-acute-shortage-of-soybean-meal-in-russia-food-and-agribusiness.md) | -2.0% | -4.8% |
| SBM | 2020-10-30 | [Price for soybeans relatively high - Food & Agribusiness](https://feedsoft.ai/events/50666-price-for-soybeans-relatively-high-food-and-agribusiness.md) | +2.9% | +5.7% |
| SBM | 2026-07-21 | [Global demand for soybean meal drives prices up in Brazil and the U.S.](https://feedsoft.ai/events/18436-global-demand-for-soybean-meal-drives-prices-up-in-brazil-and-the-u-s.md) | -0.7% | -2.6% |

## Sources

- foodagribusiness.world: https://www.foodagribusiness.world/poultry/soybean-update-from-around-the-globe

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