# China's soybean, soymeal futures fall on African swine fever worries

> China's soybean and soymeal futures fell on Monday on concerns that African swine fever outbreaks would reduce feed demand, alongside forecasts for a record US crop. Soybean futures fell to their lowest level in nearly 10 years, and soymeal dropped to near a two-month low.

- Date: 2018-08-27 · published 2018-08-27T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/63548-china-s-soybean-soymeal-futures-fall-on-african-swine-fever-worries
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Lower expected hog herd size from African swine fever reduces demand for soymeal, and a record US crop adds supply, so both pressure soybean and soymeal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- HOGS: 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 | 2018-11-01 | [Effects from African swine fever may  reduce China's soybean needs.](https://feedsoft.ai/events/62037-effects-from-african-swine-fever-may-reduce-china-s-soybean-needs.md) | +3.4% | +5.8% |
| 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 | 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 | 2019-05-27 | [African Swine Fever shaking up world soybean market: USDA - Grain Central](https://feedsoft.ai/events/59150-african-swine-fever-shaking-up-world-soybean-market-usda-grain-central.md) | +5.9% | +9.6% |
| 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 | 2018-11-01 | [Effects from African swine fever may  reduce China's soybean needs.](https://feedsoft.ai/events/62037-effects-from-african-swine-fever-may-reduce-china-s-soybean-needs.md) | +0.5% | +0.2% |
| SBM | 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) | -0.6% | +3.8% |

## Sources

- reuters.com: https://www.reuters.com/article/us-china-swinefever-soymeal-futures/chinas-soybean-soymeal-futures-fall-on-african-swine-fever-worries-idUSKCN1LC05L/

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