# The record high soybean import is cause for the Chinese ports' collapse.

> Ships carrying more than 700,000 tonnes of soybeans are waiting at anchor off Chinese ports due to heavy customs checks and limited port warehouse capacity. China delivered 9.59 million tonnes in May and 9 million in June, with port stocks at 7 million tonnes.

- Date: 2017-07-06 · published 2017-07-06T12:00:00.000Z
- Category: logistics · region China · magnitude medium
- Page: https://feedsoft.ai/events/70039-the-record-high-soybean-import-is-cause-for-the-chinese-ports-collapse
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Port congestion delays soybean deliveries and has lifted soymeal prices, a logistics bottleneck that supports meal values while it lasts.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-10-30 | [Domestic demand for soybeans, export demand for corn keeps prices up - High Plains Journal](https://feedsoft.ai/events/39175-domestic-demand-for-soybeans-export-demand-for-corn-keeps-prices-up-high-plains.md) | +4.6% | +5.0% |
| SOY | 2025-02-19 | [Corn, soybean barge bids turn higher](https://feedsoft.ai/events/16468-corn-soybean-barge-bids-turn-higher.md) | -0.7% | -2.5% |
| SOY | 2020-02-13 | [A Deeper Mississippi River Will Improve the Economics of Soybean Exports](https://feedsoft.ai/events/54493-a-deeper-mississippi-river-will-improve-the-economics-of-soybean-exports.md) | +0.0% | -4.2% |
| SOY | 2021-08-31 | [Concerns Arise for Soybean Exports Following Arrival of Hurricane Ida - Central Mo Info](https://feedsoft.ai/events/45731-concerns-arise-for-soybean-exports-following-arrival-of-hurricane-ida-central.md) | -2.8% | -2.1% |
| SOY | 2022-04-19 | [Argentina port workers to go on strike in the middle of soybean, corn harvest \| S&P Global](https://feedsoft.ai/events/41858-argentina-port-workers-to-go-on-strike-in-the-middle-of-soybean-corn-harvest-s.md) | -0.7% | -3.4% |
| SBM | 2022-10-30 | [Domestic demand for soybeans, export demand for corn keeps prices up - High Plains Journal](https://feedsoft.ai/events/39175-domestic-demand-for-soybeans-export-demand-for-corn-keeps-prices-up-high-plains.md) | -0.9% | -3.4% |
| SBM | 2021-08-31 | [Concerns Arise for Soybean Exports Following Arrival of Hurricane Ida - Central Mo Info](https://feedsoft.ai/events/45731-concerns-arise-for-soybean-exports-following-arrival-of-hurricane-ida-central.md) | -1.4% | -1.1% |
| SBM | 2022-04-19 | [Argentina port workers to go on strike in the middle of soybean, corn harvest \| S&P Global](https://feedsoft.ai/events/41858-argentina-port-workers-to-go-on-strike-in-the-middle-of-soybean-corn-harvest-s.md) | -3.0% | -11.3% |

## Sources

- grainsprices.com: https://grainsprices.com/article/12829

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