# China crushers to crank up U.S. soy purchases in fourth quarter - traders | Financial Post

> Chinese crushers plan to buy about 8 million tonnes of soybeans per month from October through December, mostly from the US, as Brazilian old-crop supplies run out. Traders say China is well short of Phase 1 purchase targets. Crush margins in Shandong are strong, supporting commercial demand.

- Date: 2020-08-10 · published 2020-08-10T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/10685-china-crushers-to-crank-up-u-s-soy-purchases-in-fourth-quarter-traders
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Large expected Chinese buying in the fourth quarter supports US soybean export demand and prices, and strong crush margins point to robust meal output and demand.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-14 | [Soybean prices rise on U.S.-China trade hopes \| Financial Post](https://feedsoft.ai/events/11472-soybean-prices-rise-on-u-s-china-trade-hopes-financial-post.md) | -1.9% | -2.1% |
| SOY | 2019-09-13 | [Soybeans extend gains after big Chinese purchase fuels trade hopes \| Financial Post](https://feedsoft.ai/events/10850-soybeans-extend-gains-after-big-chinese-purchase-fuels-trade-hopes-financial.md) | +1.1% | +4.6% |
| SOY | 2023-11-07 | [EXCLUSIVE: China makes largest US soy purchases in months -traders \| Reuters](https://feedsoft.ai/events/14795-exclusive-china-makes-largest-us-soy-purchases-in-months-traders-reuters.md) | +2.1% | -2.6% |
| SOY | 2020-06-19 | [Chinese Purchases Likely to Pick Up Steam in 4th Quarter as It Tries to Fulfill Trade Commitments](https://feedsoft.ai/events/52466-chinese-purchases-likely-to-pick-up-steam-in-4th-quarter-as-it-tries-to-fulfill.md) | -0.4% | +2.9% |
| SOY | 2019-12-10 | [Soybeans extend gains as Chinese purchases stir hopes of U.S.-China deal \| Financial Post](https://feedsoft.ai/events/12382-soybeans-extend-gains-as-chinese-purchases-stir-hopes-of-u-s-china-deal.md) | +2.8% | +4.6% |
| SBM | 2020-06-02 | [China buys U.S. soybeans after halt to U.S. purchases ordered: sources](https://feedsoft.ai/events/52462-china-buys-u-s-soybeans-after-halt-to-u-s-purchases-ordered-sources.md) | +1.9% | -0.9% |
| SBM | 2018-09-08 | [China ramps up soybean purchases in August but Brazilian supplies tipped to tighten \| South China Morning Post](https://feedsoft.ai/events/62892-china-ramps-up-soybean-purchases-in-august-but-brazilian-supplies-tipped-to.md) | -2.2% | +0.4% |
| SBM | 2019-09-12 | [Ahead of trade talks, China makes biggest US soybean purchases since June, traders say](https://feedsoft.ai/events/9439-ahead-of-trade-talks-china-makes-biggest-us-soybean-purchases-since-june.md) | +0.7% | +5.5% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/china-crushers-to-crank-up-u-s-soy-purchases-in-fourth-quarter-traders

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