# China cancels soy orders as losses mount in crushing

> Chinese soybean importers are seeking to postpone or cancel cargoes after incurring heavy losses from crushing soybeans into cooking oil and animal feed. Most cancellations so far have been ordered from Brazilian suppliers, according to a Reuters report. China buys about 60 percent of the world's soybeans.

- Date: 2017-06-05 · published 2017-06-05T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/70565-china-cancels-soy-orders-as-losses-mount-in-crushing
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Cancelled Chinese purchases reduce import demand for soybeans and could pressure soybean and soymeal prices, especially Brazilian cargo values, while crush losses signal weaker margins for meal output.

## Read by commodity

- SBM: bearish ▼
- SBO: neutral
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-11-25 | [Chinese buyers look to cancel U.S. soybean orders as processing margins shrink \| Financial Post](https://feedsoft.ai/events/50175-chinese-buyers-look-to-cancel-u-s-soybean-orders-as-processing-margins-shrink.md) | -3.2% | +5.7% |
| SOY | 2023-04-24 | [US corn falls after China cancels purchases; drags wheat, soy lower](https://feedsoft.ai/events/10358-us-corn-falls-after-china-cancels-purchases-drags-wheat-soy-lower.md) | -2.6% | -11.9% |
| SOY | 2018-07-09 | [As Tariffs Bite, China Cancels U.S. Soy Deals and Hunt Is on for New Export Markets](https://feedsoft.ai/events/63898-as-tariffs-bite-china-cancels-u-s-soy-deals-and-hunt-is-on-for-new-export.md) | -6.9% | +1.4% |
| SOY | 2023-10-27 | [China increases imports and processing of soybeans and cancels purchase agreements](https://feedsoft.ai/events/33616-china-increases-imports-and-processing-of-soybeans-and-cancels-purchase.md) | +1.9% | +4.0% |
| SOY | 2023-03-26 | [China soybean orders lower on moderate animal protein growth – Asian Agribiz](https://feedsoft.ai/events/36845-china-soybean-orders-lower-on-moderate-animal-protein-growth-asian-agribiz.md) | +5.4% | +2.6% |
| SBM | 2020-11-25 | [Chinese buyers look to cancel U.S. soybean orders as processing margins shrink \| Financial Post](https://feedsoft.ai/events/50175-chinese-buyers-look-to-cancel-u-s-soybean-orders-as-processing-margins-shrink.md) | -2.2% | +5.7% |
| SBM | 2026-08-12 | [Argentina increases new-crop soybean crushing](https://feedsoft.ai/events/13781-argentina-increases-new-crop-soybean-crushing.md) | +2.5% | +12.7% |
| SBM | 2023-10-27 | [China increases imports and processing of soybeans and cancels purchase agreements](https://feedsoft.ai/events/33616-china-increases-imports-and-processing-of-soybeans-and-cancels-purchase.md) | -0.1% | +7.3% |

## Sources

- iowafarmbureau.com: https://www.iowafarmbureau.com/Article/China-cancels-soy-orders-as-losses-mount-in-crushing

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