# Appetite for soybeans reaches new high

> China's first-quarter soybean imports rose 20% from a year earlier, a pace twice that of 2010. Feed demand is rising as the country uses more soy-based feed after restricting imports of a corn-based alternative. A private analyst expects 2016/17 imports of 91 million tonnes, above the USDA's record estimate of 88 million.

- Date: 2017-05-08 · published 2017-05-08T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/70884-appetite-for-soybeans-reaches-new-high
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong Chinese import demand tightens the global soybean balance and supports soybean and meal prices, especially with the USDA estimate potentially too low.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-10-30 | [Price for soybeans relatively high - Food & Agribusiness](https://feedsoft.ai/events/50666-price-for-soybeans-relatively-high-food-and-agribusiness.md) | +4.8% | +13.3% |
| SOY | 2021-01-26 | [Rally continues for soybeans, corn, wheat - Brownfield Ag News](https://feedsoft.ai/events/4062-rally-continues-for-soybeans-corn-wheat-brownfield-ag-news.md) | +1.6% | +4.7% |
| SOY | 2021-12-03 | [Soybean meal pulls soybeans, corn higher – KORN News Radio](https://feedsoft.ai/events/11709-soybean-meal-pulls-soybeans-corn-higher-korn-news-radio.md) | +1.6% | +6.8% |
| SOY | 2025-10-31 | [Soybeans Rise to 15-Month Highs](https://feedsoft.ai/events/22450-soybeans-rise-to-15-month-highs.md) | +0.0% | +4.3% |
| SOY | 2026-04-10 | [Soybeans Surge with Meal, Corn Falls: Cattle Make New Highs - AgWeb](https://feedsoft.ai/events/11665-soybeans-surge-with-meal-corn-falls-cattle-make-new-highs-agweb.md) | -0.1% | +1.0% |
| SBM | 2020-10-30 | [Price for soybeans relatively high - Food & Agribusiness](https://feedsoft.ai/events/50666-price-for-soybeans-relatively-high-food-and-agribusiness.md) | +2.9% | +5.7% |
| SBM | 2021-01-26 | [Rally continues for soybeans, corn, wheat - Brownfield Ag News](https://feedsoft.ai/events/4062-rally-continues-for-soybeans-corn-wheat-brownfield-ag-news.md) | +0.8% | -1.2% |
| SBM | 2021-12-03 | [Soybean meal pulls soybeans, corn higher – KORN News Radio](https://feedsoft.ai/events/11709-soybean-meal-pulls-soybeans-corn-higher-korn-news-radio.md) | +2.4% | +13.0% |

## Sources

- thestar.com: https://www.thestar.com/business/appetite-for-soybeans-reaches-new-high/article_add42bcd-33a6-50bf-93c3-eed6818b5893.html

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