# China to release soybeans, soy oil from central reserves to boost supplies

> China announced auctions of about 3.8 million tonnes of state reserve soybeans and about 300,000 tonnes of soyoil. Chinese CFR soybean prices passed $700 per tonne for the first time since 2018, while soymeal stocks are near a five-year low.

- Date: 2022-02-23 · published 2022-02-23T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/8762-china-to-release-soybeans-soy-oil-from-central-reserves-to-boost-supplies
- 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

State reserve releases may ease Chinese soybean and soyoil tightness, but tight soymeal stocks and high import costs keep feed input prices firm for hog producers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-04-19 | [China has sufficient soybean reserve, official says - Chinadaily.com.cn](https://feedsoft.ai/events/53635-china-has-sufficient-soybean-reserve-official-says-chinadaily-com-cn.md) | -0.0% | +0.7% |
| SOY | 2021-02-20 | [Biodiesel lives up to 'Better. Cleaner. Now.' mantra - Kansas Soybeans](https://feedsoft.ai/events/48510-biodiesel-lives-up-to-better-cleaner-now-mantra-kansas-soybeans.md) | +2.0% | +2.8% |
| SOY | 2021-08-26 | [How to delink the UK’s soybean imports and livestock supply chains from deforestation in the Amazon - LSE Business Review](https://feedsoft.ai/events/45589-how-to-delink-the-uk-s-soybean-imports-and-livestock-supply-chains-from.md) | -5.1% | -4.6% |
| SOY | 2023-09-26 | [Doubts over compliance with Brazil’s Forest Code put soy trade to EU at risk - Press Release - Trase](https://feedsoft.ai/events/34129-doubts-over-compliance-with-brazil-s-forest-code-put-soy-trade-to-eu-at-risk.md) | -1.6% | -0.8% |
| SOY | 2023-04-05 | [Argentina unveils third 'soybean dollar' program to boost farmer sales](https://feedsoft.ai/events/13974-argentina-unveils-third-soybean-dollar-program-to-boost-farmer-sales.md) | -0.9% | -4.6% |
| SBM | 2019-12-30 | [Measures are taken to boost pork supply - Chinadaily.com.cn](https://feedsoft.ai/events/55594-measures-are-taken-to-boost-pork-supply-chinadaily-com-cn.md) | +0.8% | +0.7% |
| SBM | 2016-12-13 | [China's soybean meal futures rise to 5-month high RAID](https://feedsoft.ai/events/73553-china-s-soybean-meal-futures-rise-to-5-month-high-raid.md) | -0.8% | -1.3% |
| SBM | 2022-03-20 | [Argentina raises export duties on soybean oil and flour from 31 to 33% - Infobae](https://feedsoft.ai/events/14049-argentina-raises-export-duties-on-soybean-oil-and-flour-from-31-to-33-infobae.md) | +1.4% | -3.3% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/022322-china-to-release-soybeans-soy-oil-from-central-reserves-to-boost-supplies
- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/022322-china-to-release-soybeans-soy-oil-from-central-reserves-to-boost-supplies

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