# CASDE: China to import 96m mt of soybean in 2017/18 at $472-503/mt

> China's January supply-demand estimates (CASDE) put 2017/18 soybean imports at 96 million mt, up 2.6% year on year and unchanged from December. Domestic soybean output was cut by 290,000 mt to 14.6 million mt on lower planted area, with the shortfall drawn from stocks. Import cost guidance was CNY 3,050-3,250/mt, about $472-503/mt.

- Date: 2018-01-12 · published 2018-01-12T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/66855-casde-china-to-import-96m-mt-of-soybean-in-2017-18-at-472-503-mt
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A steady import forecast with cheaper South American weather and high global output supports continued Chinese demand for Brazilian and US beans, with little immediate price push for US soybeans.

## Read by commodity

- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-07-01 | [ERS Report: “Interdependence of China, United States, and Brazil in Soybean Trade”](https://feedsoft.ai/events/58484-ers-report-interdependence-of-china-united-states-and-brazil-in-soybean-trade.md) | -2.7% | -1.6% |
| SOY | 2017-09-19 | [Corn and soybean production outlook in 2017-18 \| Illinois Extension \| Illinois](https://feedsoft.ai/events/68799-corn-and-soybean-production-outlook-in-2017-18-illinois-extension-illinois.md) | +0.4% | +2.4% |
| SOY | 2019-07-02 | [China’s increased soybean imports from Brazil and Canada do not fully offset lost U.S. imports](https://feedsoft.ai/events/57947-china-s-increased-soybean-imports-from-brazil-and-canada-do-not-fully-offset.md) | -0.3% | -0.8% |
| SOY | 2026-08-01 | [Soybean prices need poor weather, exports to China](https://feedsoft.ai/events/18360-soybean-prices-need-poor-weather-exports-to-china.md) | -1.3% | +8.9% |
| SOY | 2017-07-28 | [Global soybean meal production will be at record high in 2017 - 2018.](https://feedsoft.ai/events/70042-global-soybean-meal-production-will-be-at-record-high-in-2017-2018.md) | -4.4% | -5.4% |

## Sources

- agricensus.com: https://www.agricensus.com/Article/CASDE-China-to-import-96m-mt-of-soybean-in-2017-18-at-472-503-mt-569.html

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