# China looking to rely less on US for soybeans

> China is offering higher subsidies to farmers in four northeastern provinces to switch from corn to soybeans. The country imported 95.5 million tons of soybeans in 2017, mainly from Brazil and the U.S., and is pursuing domestic output to reduce reliance on U.S. supply.

- Date: 2018-05-11 · published 2018-05-11T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/64916-china-looking-to-rely-less-on-us-for-soybeans
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A structural shift toward domestic Chinese soybean production would reduce long-term import demand for U.S. and Brazilian beans and meal. The effect on prices is gradual and depends on how much acreage switches.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-04-10 | [China makes an effort to reduce soybean imports](https://feedsoft.ai/events/36361-china-makes-an-effort-to-reduce-soybean-imports.md) | +0.5% | -1.6% |
| SOY | 2022-09-22 | [China to Cut Soybean Meal in Livestock Feed \| Feed & Grain](https://feedsoft.ai/events/39574-china-to-cut-soybean-meal-in-livestock-feed-feed-and-grain.md) | -3.6% | -6.1% |
| SOY | 2025-04-29 | [US soybean futures fall on trade concerns, US planting pace](https://feedsoft.ai/events/11801-us-soybean-futures-fall-on-trade-concerns-us-planting-pace.md) | -1.3% | +1.0% |
| SOY | 2024-01-24 | [China aims to further lower soybean meal use, reduce hog capacity \| Feed Strategy](https://feedsoft.ai/events/32126-china-aims-to-further-lower-soybean-meal-use-reduce-hog-capacity-feed-strategy.md) | -1.7% | -6.4% |
| SOY | 2024-08-01 | [Will US court ruling affect demand for soybean oil and meal?](https://feedsoft.ai/events/12100-will-us-court-ruling-affect-demand-for-soybean-oil-and-meal.md) | -0.8% | -6.8% |
| CORN | 2026-10-01 | [China's tariff cut plans skip soybeans, spurring hopes for higher buys of other US farm goods \| S&P Global](https://feedsoft.ai/events/14539-china-s-tariff-cut-plans-skip-soybeans-spurring-hopes-for-higher-buys-of-other.md) | -1.2% | -6.7% |
| CORN | 2022-09-22 | [China to Cut Soybean Meal in Livestock Feed \| Feed & Grain](https://feedsoft.ai/events/39574-china-to-cut-soybean-meal-in-livestock-feed-feed-and-grain.md) | -2.8% | +1.3% |
| CORN | 2019-04-15 | [China to consider US request to shift tariffs on farm goods - The Business Times](https://feedsoft.ai/events/59453-china-to-consider-us-request-to-shift-tariffs-on-farm-goods-the-business-times.md) | +0.4% | -2.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/05/11/china-looking-to-rely-less-on-us-for-soybeans.html

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