China: Oilseeds and Products Update

China’s soybean imports and soybean meal consumption are expected to stall in marketing year (MY) 2018/19 due to ongoing trade tensions between the United States and China and an outbreak of African Swine Fever. The bilateral trade dispute has ignited efforts by China to reduce U.S. soybean imports and slash soybean use for feed, pushing up China’s domestic soybean and soybean meal prices and prompting higher than usual sales from the state soybean reserve. Post forecasts China’s soybean imports to fall by 9 million metric tons (MMT) to 85 MMT in MY18/19. 

China: Oilseeds and Products Update