# Chinese companies adopt measures to meet soybean need - Chinadaily.com.cn

> China Daily reports Chinese soybean processors have enough beans for production into early 2019 and plan more meal imports as substitutes. More than 36 million tons of soybeans were shipped from South America to China from May to August, and China's soybean imports from the U.S. have fallen sharply under tariffs.

- Date: 2018-08-19 · published 2018-08-19T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/63608-chinese-companies-adopt-measures-to-meet-soybean-need-chinadaily-com-cn
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Ample South American supply and substitution toward meal imports reduce Chinese demand for U.S. soybeans, pressuring U.S. soy prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-08-20 | [Chinese firms plan more soybean meal substitute imports to offset plunge in US soybean imports - Chinadaily.com.cn](https://feedsoft.ai/events/63513-chinese-firms-plan-more-soybean-meal-substitute-imports-to-offset-plunge-in-us.md) | -4.5% | -6.6% |
| SOY | 2019-06-28 | [US-China trade tensions hurt Argentine soybean exports - Chinadaily.com.cn](https://feedsoft.ai/events/58439-us-china-trade-tensions-hurt-argentine-soybean-exports-chinadaily-com-cn.md) | -1.7% | -0.5% |
| SOY | 2019-01-16 | [Soybean price stable despite tariff dispute - Chinadaily.com.cn](https://feedsoft.ai/events/61087-soybean-price-stable-despite-tariff-dispute-chinadaily-com-cn.md) | +2.4% | +2.6% |
| SOY | 2018-07-19 | [Aquafeed.com \|
   

   
    CHINA - New tariffs on US soybeans unlikely to impact aquatic feed](https://feedsoft.ai/events/64111-aquafeed-com-china-new-tariffs-on-us-soybeans-unlikely-to-impact-aquatic-feed.md) | +2.2% | +1.8% |
| SOY | 2018-07-31 | [Henan pig farmers cut soybean pulp consumption amid Sino-US tensions - Chinadaily.com.cn](https://feedsoft.ai/events/64012-henan-pig-farmers-cut-soybean-pulp-consumption-amid-sino-us-tensions-chinadaily.md) | +0.3% | -4.6% |
| SBM | 2018-08-20 | [Chinese firms plan more soybean meal substitute imports to offset plunge in US soybean imports - Chinadaily.com.cn](https://feedsoft.ai/events/63513-chinese-firms-plan-more-soybean-meal-substitute-imports-to-offset-plunge-in-us.md) | -5.3% | -8.2% |
| SBM | 2019-06-28 | [US-China trade tensions hurt Argentine soybean exports - Chinadaily.com.cn](https://feedsoft.ai/events/58439-us-china-trade-tensions-hurt-argentine-soybean-exports-chinadaily-com-cn.md) | -2.7% | -2.9% |
| SBM | 2018-07-31 | [Henan pig farmers cut soybean pulp consumption amid Sino-US tensions - Chinadaily.com.cn](https://feedsoft.ai/events/64012-henan-pig-farmers-cut-soybean-pulp-consumption-amid-sino-us-tensions-chinadaily.md) | -1.2% | -8.3% |

## Sources

- chinadaily.com.cn: http://www.chinadaily.com.cn/a/201808/19/WS5b7935f2a310add14f3868a6.html

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