# China’s October Soybean Imports Sink to Lowest Since 2023

> China’s soybean imports fell to 7.35 million tonnes in October, down 22.5% year on year and about 38% from September, the lowest for that month since 2023. Cumulative imports for the first ten months of 2026 were 93.48 million tonnes, down 2.3%.

- Date: 2026-11-14 · published 2026-11-14T12:13:58.151Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/99368-china-s-october-soybean-imports-sink-to-lowest-since-2023
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weak Chinese buying reduces demand for US and Brazilian soybeans and weighs on soybean meal prices, as high crushing-plant inventories and poor crush margins slow purchases.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-11-07 | [China’s October soybean imports slide to lowest in eight years](https://feedsoft.ai/events/38680-china-s-october-soybean-imports-slide-to-lowest-in-eight-years.md) | +0.3% | -0.9% |
| SOY | 2019-01-25 | [China's 2018 soybean imports from U.S. hit lowest since 2008](https://feedsoft.ai/events/60959-china-s-2018-soybean-imports-from-u-s-hit-lowest-since-2008.md) | -0.1% | -0.6% |
| SOY | 2021-07-26 | [Protein pinch: China's soybean imports to slow over rest of 2021 on curbed meal use](https://feedsoft.ai/events/45921-protein-pinch-china-s-soybean-imports-to-slow-over-rest-of-2021-on-curbed-meal.md) | +1.0% | -7.7% |
| SOY | 2024-01-17 | [China's Q1 Soybean Imports Slow to Four-Year Low as Pig Herds Shrink - Pork Business](https://feedsoft.ai/events/32120-china-s-q1-soybean-imports-slow-to-four-year-low-as-pig-herds-shrink-pork.md) | +1.0% | -3.3% |
| SOY | 2020-11-30 | [China September Soybean Imports Ease \| Feed & Grain](https://feedsoft.ai/events/50150-china-september-soybean-imports-ease-feed-and-grain.md) | -2.4% | +5.3% |
| SBM | 2021-07-26 | [Protein pinch: China's soybean imports to slow over rest of 2021 on curbed meal use](https://feedsoft.ai/events/45921-protein-pinch-china-s-soybean-imports-to-slow-over-rest-of-2021-on-curbed-meal.md) | -0.2% | -0.4% |
| SBM | 2024-01-17 | [China's Q1 Soybean Imports Slow to Four-Year Low as Pig Herds Shrink - Pork Business](https://feedsoft.ai/events/32120-china-s-q1-soybean-imports-slow-to-four-year-low-as-pig-herds-shrink-pork.md) | -2.1% | -5.9% |
| SBM | 2024-09-10 | [China Aug soybean imports at record 12.14mn tons](https://feedsoft.ai/events/14717-china-aug-soybean-imports-at-record-12-14mn-tons.md) | +0.7% | +1.9% |

## Sources

- global-agriculture.com: https://www.global-agriculture.com/global-agriculture/chinas-october-soybean-imports-sink-to-lowest-since-2023/

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