# China’s Soybean Imports Rise as Crush Demand Reshapes Oilseed Trade

> USDA’s Foreign Agricultural Service forecasts China’s 2026/27 soybean imports at 110 million tonnes, 1.8% above its previous estimate, with crushing projected at 106 million tonnes. Soybean oil exports are forecast to reach a record 1.35 million tonnes as domestic oil consumption weakens; state-owned firms are buying US soybeans while private buyers favor South American supplies amid tariffs.

- Date: 2026-11-06 · published 2026-11-06T09:06:34.790Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/83639-china-s-soybean-imports-rise-as-crush-demand-reshapes-oilseed-trade
- 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

Higher Chinese import and crush demand supports soybean demand and may boost soybean meal availability, while weaker oil consumption and record oil exports could weigh on soybean oil prices. Shifting purchases between US and South American origins also affects export demand and trade flows.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-04-07 | [China’s oilseed demand to rise as swine sector recovers – Asian Agribiz](https://feedsoft.ai/events/53633-china-s-oilseed-demand-to-rise-as-swine-sector-recovers-asian-agribiz.md) | -1.0% | -2.0% |
| SOY | 2017-08-01 | [Demand for oilseeds drives China’s soybean imports \| World-grain.com \| August 01, 2017 14:22 \| World Grain](https://feedsoft.ai/events/69328-demand-for-oilseeds-drives-china-s-soybean-imports-world-grain-com-august-01.md) | -3.5% | -6.0% |
| 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 | 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% |
| SOY | 2024-03-08 | [Reaction to March WASDE Is Mild; Soybeans Rise on China Demand Changes](https://feedsoft.ai/events/31130-reaction-to-march-wasde-is-mild-soybeans-rise-on-china-demand-changes.md) | +2.1% | +2.4% |
| SBM | 2021-08-12 | [Casde: China cuts 20/2021 soybean imports, demand estimates - Fastmarkets](https://feedsoft.ai/events/45563-casde-china-cuts-20-2021-soybean-imports-demand-estimates-fastmarkets.md) | +0.4% | -4.3% |
| SBM | 2018-07-12 | [China cuts soybean import forecast in face of trade war](https://feedsoft.ai/events/63895-china-cuts-soybean-import-forecast-in-face-of-trade-war.md) | -1.4% | +1.2% |
| SBM | 2023-01-09 | [Report: China's soybean imports will decline by 2030 \| Feed & Grain](https://feedsoft.ai/events/37769-report-china-s-soybean-imports-will-decline-by-2030-feed-and-grain.md) | +1.7% | -1.2% |

## Sources

- in.investing.com: https://in.investing.com/news/commodities-news/chinas-soybean-imports-rise-as-crush-demand-reshapes-oilseed-trade-5685740

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