# Demand for oilseeds drives China’s soybean imports | World-grain.com | August 01, 2017 14:22 | World Grain

> USDA's FAS forecasts China's 2017-18 soybean production at 14.1 million tonnes, up 1 million tonnes as reduced government support for corn encourages more oilseed planting. Chinese oilseed imports are forecast at a record 91.5 million tonnes in 2017-18, up 3 million tonnes.

- Date: 2017-08-01 · published 2017-08-01T12:00:00.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/69328-demand-for-oilseeds-drives-china-s-soybean-imports-world-grain-com-august-01
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record Chinese oilseed import demand, which exceeds the growth in domestic output, supports global soybean and meal demand. This is a bullish signal for export-oriented soybean prices, with South American and US supplies filling the gap.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-09-09 | [Feed demand increases China’s soybean imports \| 2020-09-09  \| World Grain](https://feedsoft.ai/events/51186-feed-demand-increases-china-s-soybean-imports-2020-09-09-world-grain.md) | +1.9% | +7.3% |
| SOY | 2018-06-29 | [China’s soybean imports continue to rise \| World-grain.com \| June 29, 2018 13:49 \| World Grain](https://feedsoft.ai/events/64513-china-s-soybean-imports-continue-to-rise-world-grain-com-june-29-2018-13-49.md) | +1.5% | +1.1% |
| SOY | 2019-04-04 | [China oilseed demand increases despite outbreak concerns \| 2019-04-04  \| World Grain](https://feedsoft.ai/events/59587-china-oilseed-demand-increases-despite-outbreak-concerns-2019-04-04-world-grain.md) | +0.4% | -7.6% |
| SOY | 2022-03-21 | [China to import record soybean volume in 2022-23 \| World Grain](https://feedsoft.ai/events/42291-china-to-import-record-soybean-volume-in-2022-23-world-grain.md) | +2.5% | +2.8% |
| SOY | 2025-03-24 | [China’s soybean demand, crush projected to grow \| World Grain](https://feedsoft.ai/events/25571-china-s-soybean-demand-crush-projected-to-grow-world-grain.md) | +1.3% | +2.0% |
| SBM | 2020-09-09 | [Feed demand increases China’s soybean imports \| 2020-09-09  \| World Grain](https://feedsoft.ai/events/51186-feed-demand-increases-china-s-soybean-imports-2020-09-09-world-grain.md) | +2.3% | +15.3% |
| SBM | 2019-04-04 | [China oilseed demand increases despite outbreak concerns \| 2019-04-04  \| World Grain](https://feedsoft.ai/events/59587-china-oilseed-demand-increases-despite-outbreak-concerns-2019-04-04-world-grain.md) | -0.3% | -6.0% |
| SBM | 2022-03-21 | [China to import record soybean volume in 2022-23 \| World Grain](https://feedsoft.ai/events/42291-china-to-import-record-soybean-volume-in-2022-23-world-grain.md) | +1.4% | -3.3% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/8471-demand-for-oilseeds-drives-china-s-soybean-imports

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