# China 2021 soybean imports slip 3.8% on falling margins, weak demand

> China's soybean imports fell 3.8 percent in 2021 as margins narrowed and demand weakened. Domestic hog prices plunged, lowering hog margins and downstream soymeal demand. Farmers also replaced some corn with wheat in feed, cutting soymeal use further.

- Date: 2022-01-14 · published 2022-01-14T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/7370-china-2021-soybean-imports-slip-3-8-on-falling-margins-weak-demand
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower Chinese import demand and weaker meal use reduce global soybean and soymeal demand and put downward pressure on prices. Weak hog margins may keep feed buying subdued.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-10-14 | [China September soybean imports ease on falling animal feed demand](https://feedsoft.ai/events/56562-china-september-soybean-imports-ease-on-falling-animal-feed-demand.md) | -0.2% | -1.8% |
| SOY | 2022-08-08 | [China's July Soybean Imports Slide Amid Poor Crush Margins, Weaker Demand \| Checkout](https://feedsoft.ai/events/14910-china-s-july-soybean-imports-slide-amid-poor-crush-margins-weaker-demand.md) | +3.4% | -6.5% |
| SOY | 2021-09-07 | [China's August soybean imports fall on flat demand - Markets - Business Recorder](https://feedsoft.ai/events/45066-china-s-august-soybean-imports-fall-on-flat-demand-markets-business-recorder.md) | -0.8% | -3.7% |
| SOY | 2026-05-12 | [China forecasts lower 2026/27 soybean imports on slowing soymeal demand from pig sector \| MarketScreener](https://feedsoft.ai/events/19248-china-forecasts-lower-2026-27-soybean-imports-on-slowing-soymeal-demand-from.md) | +1.1% | -7.2% |
| SOY | 2025-06-09 | [Decline of China's Soybean Meal Market Amid Rising Imports](https://feedsoft.ai/events/24312-decline-of-china-s-soybean-meal-market-amid-rising-imports.md) | +1.2% | -3.1% |
| SBM | 2019-10-14 | [China September soybean imports ease on falling animal feed demand](https://feedsoft.ai/events/56562-china-september-soybean-imports-ease-on-falling-animal-feed-demand.md) | +0.5% | -0.7% |
| SBM | 2022-08-08 | [China's July Soybean Imports Slide Amid Poor Crush Margins, Weaker Demand \| Checkout](https://feedsoft.ai/events/14910-china-s-july-soybean-imports-slide-amid-poor-crush-margins-weaker-demand.md) | +3.3% | -9.4% |
| SBM | 2021-09-07 | [China's August soybean imports fall on flat demand - Markets - Business Recorder](https://feedsoft.ai/events/45066-china-s-august-soybean-imports-fall-on-flat-demand-markets-business-recorder.md) | +1.7% | -3.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/china-2021-soybean-imports-slip-38-vs-2020-customs-2022-01-14/

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