# COFCO says China can replace U.S. soy imports with alternatives: state media

> State media reported that COFCO says China can replace U.S. soybean imports with supplies from South American countries. China bought 32.9 million tonnes of U.S. soybeans in 2017, which was 34% of its total purchases.

- Date: 2018-07-11 · published 2018-07-11T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/63897-cofco-says-china-can-replace-u-s-soy-imports-with-alternatives-state-media
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Confidence that China can substitute Brazilian and Argentine beans reduces the long-run demand premium for U.S. soybeans, which is bearish for U.S. soybean prices and supportive for South American origin flows.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-21 | [Feed alternatives reducing soybean demand in China - Benison Media](https://feedsoft.ai/events/57649-feed-alternatives-reducing-soybean-demand-in-china-benison-media.md) | -1.1% | +3.9% |
| SOY | 2018-08-22 | [China's COFCO Meat imports pork from Chile, Europe as U.S. trade war bites](https://feedsoft.ai/events/63547-china-s-cofco-meat-imports-pork-from-chile-europe-as-u-s-trade-war-bites.md) | -6.2% | -5.1% |
| SOY | 2020-11-20 | [China Targets U.S. Farm Imports With Tariffs on Soy, Corn - Pork Business](https://feedsoft.ai/events/50015-china-targets-u-s-farm-imports-with-tariffs-on-soy-corn-pork-business.md) | +1.2% | +3.6% |
| SOY | 2018-08-01 | [Why China’s pork producers can survive without US soybean imports \| South China Morning Post](https://feedsoft.ai/events/63551-why-china-s-pork-producers-can-survive-without-us-soybean-imports-south-china.md) | -1.6% | -9.2% |
| SOY | 2025-08-01 | [China’s soybean meal stockpiles rise, US soybean imports in doubt](https://feedsoft.ai/events/23301-china-s-soybean-meal-stockpiles-rise-us-soybean-imports-in-doubt.md) | +1.0% | +6.9% |
| SBM | 2022-01-20 | [China's 2021 soy imports from U.S. rise while Brazilian shipments fall \| Reuters](https://feedsoft.ai/events/14961-china-s-2021-soy-imports-from-u-s-rise-while-brazilian-shipments-fall-reuters.md) | +0.2% | +11.1% |
| SBM | 2018-09-20 | [As U.S.-China trade row grows, India urges China to drop meal import ban: sources](https://feedsoft.ai/events/63013-as-u-s-china-trade-row-grows-india-urges-china-to-drop-meal-import-ban-sources.md) | +0.4% | +5.6% |
| SBM | 2025-12-08 | [China Set for Record 2025 Soybean Imports on Brazil Buys, U.S. Trade Truce](https://feedsoft.ai/events/21532-china-set-for-record-2025-soybean-imports-on-brazil-buys-u-s-trade-truce.md) | -1.5% | -3.0% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-china-cofco/cofco-says-china-can-replace-u-s-soy-imports-with-alternatives-state-media-idUSKBN1K106U/

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