# China's soybean purchase keeps rally alive

> Soybean futures rallied on continued Chinese purchases of U.S. beans. Corn ended the week with small gains, while wheat faltered. Export inspections for the week ending September 5 showed weak corn and wheat shipments, and soybean inspections were 33.3 million bushels.

- Date: 2019-09-13 · published 2019-09-13T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/10854-china-s-soybean-purchase-keeps-rally-alive
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Ongoing Chinese buying supports soybean and meal prices. Weak wheat export inspections add pressure on wheat, and corn is steady given mixed signals.

## Read by commodity

- SOY: bullish ▲
- CORN: neutral
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-03-30 | [China soy purchase rumors trigger rally](https://feedsoft.ai/events/42294-china-soy-purchase-rumors-trigger-rally.md) | -0.7% | +5.1% |
| SOY | 2019-02-01 | [Soybean Futures Rise on China Purchase Plans  - WSJ](https://feedsoft.ai/events/60618-soybean-futures-rise-on-china-purchase-plans-wsj.md) | -0.2% | -1.7% |
| SOY | 2020-07-14 | [China books record U.S. corn purchase, also buys soybeans \| Reuters](https://feedsoft.ai/events/51978-china-books-record-u-s-corn-purchase-also-buys-soybeans-reuters.md) | +3.0% | +0.0% |
| SOY | 2026-02-05 | [Soybeans Rally on Additional China Purchases: Will They Really Buy? - AgWeb](https://feedsoft.ai/events/20642-soybeans-rally-on-additional-china-purchases-will-they-really-buy-agweb.md) | +2.9% | +6.5% |
| SOY | 2019-12-10 | [China steps up US soybean purchases as trade talks drag on](https://feedsoft.ai/events/55447-china-steps-up-us-soybean-purchases-as-trade-talks-drag-on.md) | +2.8% | +4.6% |
| CORN | 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) | +4.3% | +3.9% |
| CORN | 2021-04-27 | [US-China phase one tracker: China’s purchases of US goods - WITA](https://feedsoft.ai/events/47449-us-china-phase-one-tracker-china-s-purchases-of-us-goods-wita.md) | +4.7% | -1.2% |
| CORN | 2019-12-14 | [Factbox: A lot of soy, a little rice - China's historical U.S. agricultural purchases](https://feedsoft.ai/events/55442-factbox-a-lot-of-soy-a-little-rice-china-s-historical-u-s-agricultural-purchases.md) | +4.2% | +4.8% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/china-s-soybean-purchase-keeps-rally-alive

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